Bake Off item regularly taking prize (3)
I believe the answer is:
pie
'bake off item' is the definition.
Although both the answer and definition are singular nouns, I cannot understand how one could define the other.
'regularly taking prize' is the wordplay.
'regularly taking' indicates alternate letters (letters removed at regular intervals).
The alternating letters of 'prize' are 'PIE'.
Can you help me to learn more?
(Other definitions for pie that I've seen before include "Crusty dish" , "Easy thing" , "Dish baked in an oven, with pastry or mashed potato topping" , "Anna's constituent" , "Confused, mixed type" .)