Very lacking in atmosphere (4)

I believe the answer is:
dead
'very' is the definition.
(dead can mean very or absolutely, eg 'dead wrong')
I don't understand how the rest of the clue works.
Can you help me to learn more?
(Other definitions for dead that I've seen before include "Six feet under" , "Deceased; numb" , "dull" , "no longer with us" , "Gone to meet one's Maker" .)
