What does the cryptic crossword clue "Boxer's final punch receiving rating for boisterous horseplay (10)" mean?

The definition is "boisterous horseplay". The wordplay uses a container (one word inside another). AB (synonym="‘rating’, able-bodied seaman") in KNOCKOUT (synonym="‘boxer’s final punch’") = KNOCKABOUT; definition: "boisterous horseplay" The answer is KNOCKABOUT.

Boxer's final punch receiving rating for boisterous horseplay (10)

Guardian Cryptic #29145 | 23 Across | 2023-08-10 flower

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