Crossword Genius

What to keep when out of control (4)

Ross

I believe the answer is:

cool

I'm a little stuck... Click here to teach me more about this clue!

'control' is the definition.
(thesaurus)

'what to keep when out of' is the wordplay.
I cannot really understand how this works, but
'of' could be 'o' and 'o' is found in the answer.
The remaining letters 'col' is a valid word which might be clued in a way I don't see.
This explanation may well be incorrect...

Can you help me to learn more?

(Other definitions for cool that I've seen before include "Relaxed; not warm" , "Unemotional; excellent" , "Rain heavily (colloq.)" , "Calm and unemotional" , "Moderate" .)

I've seen this clue in the Evening Standard.
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