Very select group must become excited about IT (12)

I believe the answer is:

subcommittee

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'very select group' is the definition.
The definition and answer can be both groups as well as being singular nouns.
Perhaps you can see an association between them that I don't see?

'must become excited about it' is the wordplay.
'excited' indicates an anagram.
'about' is an insertion indicator.
'must'+'become'='mustbecome'
'mustbecome' is an anagram of 'subcommtee'.
'subcommtee' going around 'it' is 'SUBCOMMITTEE'.

Can you help me to learn more?

I've seen this clue in The Independent.

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