Crossword Genius

Versatile accessory, awfully swanky, misfires (5,4,5)

Ross

I believe the answer is:

swiss army knife

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'versatile accessory' is the definition.
I don't know anything about this answer so I cannot judge whether this works.

'awfully swanky misfires' is the wordplay.
'awfully' indicates anagramming the letters.
'swanky'+'misfires'='swankymisfires'
'swankymisfires' with letters rearranged gives 'SWISS ARMY KNIFE'.

Can you help me to learn more?

(Another definition for swiss army knife that I've seen is " potential weapon".)

I've seen this clue in The Times.
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