What does the cryptic crossword clue "Exaggerate, performing mad satire (9)" mean?

This cryptic clue uses wordplay to arrive at the answer. Visit the page for progressive hints — definition, wordplay type, and a full step-by-step explanation.

Exaggerate, performing mad satire (9)

Telegraph Prize Cryptic #3182 | 7 Down | 2022-10-16 flower

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