Slash the price of flimsy material (8)
I believe the answer is:
lacerate
'slash' is the definition.
(I've seen this before)
'price of flimsy material' is the wordplay.
I cannot really understand how this works, but
'price' could be 'rate' (I've seen this before) and 'rate' is found in the answer.
'material' could be 'lace' (lace is a kind of material) and 'lace' is found within the answer.
No letters remain.
This may be the basis of the clue (or it may be nonsense).
'the' is the link.
Can you help me to learn more?
(Other definitions for lacerate that I've seen before include "Slash" , "Clear tea (anag.)" , "Cut or tear irregularly" , "Deeply cut (flesh, skin)" , "Tear roughly, cut jaggedly" .)