See graduate's shots (4)
I believe the answer is:
lobs
'shots' is the definition.
The answer and definition can be both acts as well as being plural nouns.
Perhaps you can see a link between them that I can't see?
'see graduate's' is the wordplay.
'see' becomes 'lo' (archaic exclamation meaning 'look!').
'graduate' becomes 'bs' (I can't justify this - if you can you should give a lot more credence to this answer).
'lo'+'bs'='LOBS'
Can you help me to learn more?
(Other definitions for lobs that I've seen before include "Throws ball slowly in high arc" , "Pitches" , "Sends over a high ball" , "chucks up" .)