Present from the Queen (5)
I believe the answer is:
offer
'present' is the definition.
(I've seen this in another clue)
'from the queen' is the wordplay.
'from' becomes 'off' (eg someone might be from or 'off' a TV show).
'the queen' becomes 'ER' (Elizabeth Regina).
'off'+'er'='OFFER'
(Other definitions for offer that I've seen before include "Attempt" , "Tender - proposal" , "Present to or make a bid" , "Tender for acceptance" , "Volunteer -- proposal" .)