Band parts put out (5)
I believe the answer is:
strap
'band' is the definition.
(both can mean a strip of material)
'parts put out' is the wordplay.
'put out' is an anagram indicator.
'parts' is an anagram of 'STRAP'.
(Other definitions for strap that I've seen before include "Whip" , "something to hang on to" , "Narrow strip of leather" , "Parts (anag.)" , "Fasten; punishment" .)