Things with points, small, lacking point (8)

I believe the answer is:

needless

Here is my best explanation:

'lacking point' is the definition.

'things with points small' is the wordplay.
'things with points' becomes 'needles'.
'small' becomes 's' (abbreviation - e.g. clothes size).
'needles'+'s'='NEEDLESS'

This clue was last seen in The Telegraph