What does the cryptic crossword clue "Cracker show held in last third of August (6)" mean?

The definition is "Cracker". The wordplay uses a container (one word inside another). EXPO (synonym="‘show’") in ST (synonym="‘last third of Augu ST ‘") = SEXPOT; definition: "Cracker" The answer is SEXPOT.

Cracker show held in last third of August (6)

Guardian Cryptic #29095 | 26 Across | 2023-06-13 flower

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