Crossword Genius

Out of the ring, perhaps, it's just talk (3)

Ross

I believe the answer is:

gas

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'talk' is the definition.
(gas can mean to chat)

I cannot understand how the remainder of the clue works.

Can you help me to learn more?

(Other definitions for gas that I've seen before include "THIRD PART OF 23" , "Wind" , "Eg, oxygen" , "Fumes, vapour" , "Chatter vapidly" .)

I've seen this clue in the Evening Standard.
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