A fumble round holding a torch (8)
I believe the answer is:
flambeau
'torch' is the definition.
(flambeau is a kind of torch)
'a fumble round holding a' is the wordplay.
'round' indicates an anagram.
'holding' indicates putting letters inside.
'a'+'fumble'='afumble'
'afumble' is an anagram of 'flambeu'.
'flambeu' going around 'a' is 'FLAMBEAU'.
(Other definitions for flambeau that I've seen before include "Torch; candlestick" , "Flaming torch" , "Old blazer" , "One may be burning" , "Burning torch" .)