What does the cryptic crossword clue "Punch — drink up (4)" mean?

The definition is "Punch". The wordplay uses charade, reversal. reverse of GULP (synonym of "- drink") [reversal: "up"]; definition: "Punch" The answer is PLUG.

Punch — drink up (4)

Guardian Cryptic #27212 | 23 Down | 2017-06-01 flower

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