One terribly long time! (3)
I believe the answer is:
eon
'long time' is the definition.
(eon is a kind of long time)
'one terribly' is the wordplay.
'terribly' is an anagram indicator.
'one' anagrammed gives 'EON'.
(Other definitions for eon that I've seen before include "Prolonged period" , "Vast age (alt. sp.)" , "Very long period (US and technical spelling)" , "Age, epoch" , "Geological period" .)