What does the cryptic crossword clue "Navy party clothes for a Bond villain (2,2)" mean?

The wordplay uses a container (one word inside another). RN (synonym="Royal Navy") in DO (synonym="party") = DRNO The answer is DRNO.

Navy party clothes for a Bond villain (2,2)

Guardian Cryptic #29345 | 22 Down | 2024-04-01 flower