What does the cryptic crossword clue "Clown Launcelot covering two bachelors in slime (5)" mean?

The definition is "Clown Launcelot". The wordplay uses a container (one word inside another). BB (synonym="two B = abbreviation for bachelor") in GOO (synonym="slime") = GOBBO; definition: "Clown Launcelot" The answer is GOBBO.

Clown Launcelot covering two bachelors in slime (5)

Independent Cryptic #10927 | 11 Across | 2021-10-20 flower

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