Fox, maybe, or a teddy (6)
I believe the answer is:
edward
'fox maybe' is the definition.
The definition suggests a singular noun which matches the answer.
'a teddy' is the wordplay.
I cannot quite see how this works, but
'a' is present in the answer.
'teddy' could be 'ed' (I've seen this in other clues) and 'ed' is found in the answer.
This explanation may well be incorrect...
'or' is the link.
Can you help me to learn more?
(Other definitions for edward that I've seen before include "Fellow" , "Former King" , "Male name" , "The Queen's youngest son" , "Former prime minister" .)