What does the cryptic crossword clue "Retiring perhaps as exam failed first time is a shocker! (5)" mean?

The definition is "a shocker". The wordplay uses a reversal. RESAT (reversal="perhaps as exam failed first time") = TASER; definition: "a shocker!" The answer is TASER.

Retiring perhaps as exam failed first time is a shocker! (5)

Times Cryptic #28733 | 19 Across | 2023-10-13 flower

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