Honour for being badly lamed (5)
I believe the answer is:
medal
'honour' is the definition.
(I know that honour can be written as medal)
'badly lamed' is the wordplay.
'badly' is an anagram indicator (letters in the wrong order).
'lamed' anagrammed gives 'MEDAL'.
'for being' is the link.
(Other definitions for medal that I've seen before include "Religious or commemorative award" , "Lamed by award" , "Prize; sounds like interfere" , "Prize disc for as for Olympic Games win" , "Award for winning" .)