Lingerie's on stand with soft toy (5,4)
I believe the answer is:
teddy bear
'soft toy' is the definition.
(a cuddly toy)
'lingerie's on stand' is the wordplay.
'lingerie' becomes 'teddy' (type of lingerie).
'on' is a charade indicator (letters next to each other).
'stand' becomes 'bear' (synonyms).
'teddy'+'bear'='TEDDY BEAR'
'with' acts as a link.
(Other definitions for teddy bear that I've seen before include "cling to this for comfort?" , "Child's toy, musically in picnic" , "Fetishistic toy" , "Stuffed toy" , "Cuddly toy named after a US president" .)