Hanging ornament (6)
I believe the answer is:
tassel
'hanging ornament' is the definition.
(I've seen this before)
This is all the clue.
(Other definitions for tassel that I've seen before include "Part of maize plant" , "Hanging tuft of threads" , "Decorative hanging tuft" , "Tuft on e.g. cap" , "Ornamental hanging tuft" .)