Pink organ pinching (5)
I believe the answer is:
theft
This could be a double definition.
'pink organ' is the first definition.
Although both the answer and definition are singular nouns, I cannot understand how one could define the other.
'pinching' is the second definition.
(thesaurus)
(Other definitions for theft that I've seen before include "heavy crime" , "Job" , "Unlawful taking" , "Crime of stealing" , "Misappropriation" .)