Animal Buddhist monk found by lake (5)
I believe the answer is:
llama
'animal' is the definition.
(I've seen this before)
'buddhist monk found by lake' is the wordplay.
'buddhist monk' becomes 'lama' (I've seen this before).
'found by' says to put letters next to each other.
'lake' becomes 'l'.
'lama' after 'l' is 'LLAMA'.
(Other definitions for llama that I've seen before include "Peruvian transportation" , "Long-necked woolly animal" , "Woolly Andean animal" , "Alpaca-like animal" , "Alpaca" .)