On way out try gin cocktail (5)
I believe the answer is:
going
'on way out' is the definition.
The definition and answer can be both acts as well as being singular nouns.
Maybe there's a link between them I don't understand?
'try gin cocktail' is the wordplay.
'try' becomes 'go' (both can mean an attempt).
'cocktail' is an anagram indicator.
'gin' with letters rearranged gives 'ing'.
'go'+'ing'='GOING'
Can you help me to learn more?
(Other definitions for going that I've seen before include "Disappearing" , "attending" , "Moving away, departing" , "(Of price) current" , "Due to leave" .)