VIP doing rounds at fair? (3,5)

I believe the answer is:

big wheel

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'vip' is the definition.
(thesaurus)

I don't understand how the remainder of the clue works.

(Other definitions for big wheel that I've seen before include "Fairground attraction - important person" , "going round in London" , "Fairground attraction - VIP" , "Important person - fair attraction" , "Fair experience" .)

I've seen this clue in The Sun.

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