You get the point (4)
I believe the answer is:
thee
'you' is the definition.
(I've seen this before)
'get the point' is the wordplay.
'get' is a charade indicator (letters next to each other).
'point' becomes 'e' (compass point).
'the' put next to 'e' is 'THEE'.
(Other definitions for thee that I've seen before include "You in the olden days" , "Quaker 'you'" , "Old objective second person singular" , "Archaic form of 'you'" , "'U'" .)