Kitty with sweatshirt pulled up (3)

I believe the answer is:

pot

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'kitty' is the definition.
(both can mean a shared fund)

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

(Other definitions for pot that I've seen before include "Container for 23" , "Receptacle" , "Kitty; marijuana" , "Plant holder" , "It may call the kettle black" .)

I've seen this clue in the Sydney Morning Herald.

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