Still standing naked, so it's said, carrying extremely dilapidated toy (5,4)
I believe the answer is:
teddy bear
'extremely dilapidated toy' is the definition.
'teddy bear' can be an answer for 'toy' (teddy bear is a kind of toy). I am unsure of the 'extremely dilapidated' bit.
'still standing naked so it's said carrying' is the wordplay.
'still standing' becomes 'teddy' (I can't justify this - if you can you should give a lot more credence to this answer).
'naked' becomes 'bare' (synonyms).
'so it's said' shows a homophone (sound like).
'carrying' says to put letters next to each other (in a down clue, the bottom letters carry others).
'bare' is a homophone of 'bear'.
'teddy'+'bear'='TEDDY BEAR'
Can you help me to learn more?
(Other definitions for teddy bear that I've seen before include "Rupert, perhaps" , "Cuddly ursine" , "cling to this for comfort?" , "Cuddly toy, named after President Roosevelt" , "Cuddly toy named after a US president" .)