Excellent spinner, Nick (3-5)
I believe the answer is:
top-notch
'excellent' is the definition.
(I've seen this before)
'spinner nick' is the wordplay.
'spinner' becomes 'top' (a spinning top).
'nick' becomes 'notch' (both can mean a small cut or impression).
'top'+'notch'='TOP-NOTCH'
(Other definitions for top-notch that I've seen before include "First-rate" , "Of the highest quality" , "Excellent (informal)" , "Superb" , "Grade 1" .)