What does the cryptic crossword clue "Stupid place to go with pony not performing (5)" 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.

Stupid place to go with pony not performing (5)

Times Cryptic #28407 | 24 Down | 2022-09-28 flower

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