As Robert noted, this is a straight up error, where the clear_frames() call and deleting the exception traceback from the saved object aren't enough to drop all references to `callable_obj`.

The trick is that the cleanup code isn't accounting for __cause__ and __context__: it's only clearing and dropping the traceback for the topmost exception in the chain.

In Vjacheslav's example, there are *two* tracebacks to worry about: both the top level one (which is getting cleaned up) and the inner one from exc.__context__ which isn't being touched.

We could likely use a "traceback.clear_all_frames()" helper that walks an exception tree clearing *all* the traceback frames, both on the original exception, and on all the __cause__ and __context__ attributes.

(We can't just clear __cause__ and __context__, since those can be accessed and tested when using the context manager form and the `exception` attribute)