What does the cryptic crossword clue "Where literally all the world's a stage? (5,7)" mean?

The definition is "Where literally all the world’s a stage". The wordplay uses a cryptic definition. Cryptic definition The answer is GLOBE THEATRE.

Where literally all the world's a stage? (5,7)

Times Cryptic #28635 | 3 Down | 2023-06-21 flower