Crossword Genius

Mocked the wrong bid for example (5)

Ross

I believe the answer is:

gibed

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'mocked' is the definition.
(I've seen this in another clue)

I don't understand the rest of the clue.

Can you help me to learn more?

(Other definitions for gibed that I've seen before include "Tormented" , "Jeered" .)

I've seen this clue in The Globe and Mail.
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