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Longin' to steal thousand grand and drink to celebrate? (4,3)

Ross

I believe the answer is:

pink gin

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'drink to celebrate?' is the definition.
I can't tell whether this definition defines the answer.

'longin' to steal thousand grand' is the wordplay.
'longin'' becomes 'pinin' ('pining' said like 'longing' was; 'pine' can be a synonym of 'long').
'to steal' means one lot of letters goes inside another.
'thousand' becomes 'k' (synonyms).
'grand' becomes 'g' (synonyms).
'k'+'g'='kg'
'pinin' going around 'kg' is 'PINK GIN'.

'and' is the link.

Can you help me to learn more?

(Other definitions for pink gin that I've seen before include "Alcoholic drink" , "Geneva and bitters" , "Kingpin (anag.)" , "Drink with 9" , "Angostura-flavoured drink" .)

I've seen this clue in The Telegraph.
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