Now give me a little time (7,3)
I believe the answer is:
present day
'now' is the definition.
(I've seen this before)
'me a little time' is the wordplay.
'me' becomes 'present' (I can't justify this - if you can you should believe this answer much more).
'a little' means to remove the last letter (the word is not quite complete).
'time' becomes 'days' (day is a unit of time).
'days' with its final letter removed is 'day'.
'present'+'day'='PRESENT-DAY'
'give' is the link.
Can you help me to learn more?
(Other definitions for present day that I've seen before include "Contemporary" , "Current" , "Christmas for materialists?" , "occasion for lots of give and take?" , "twenty-fifth of December?" .)