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Bouncy castle melting when current passed through (7)

Ross

I believe the answer is:

elastic

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'bouncy' is the definition.
(similar in meaning)

I don't understand how the remainder of the clue works.

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(Other definitions for elastic that I've seen before include "Variable" , "Resilient" , "Stretching tape" , "Kind of band" , "Narrow band of rubber" .)

I've seen this clue in The Times.
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