What does the cryptic crossword clue "Fragrant liquid so rare and wet, splashed around (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.

Fragrant liquid so rare and wet, splashed around (9)

Telegraph Prize Cryptic #3200 | 3 Down | 2023-02-19 flower

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