A bit of farce goes a long way (3)
I believe the answer is:
far
'a long way' is the definition.
(I've seen this before)
'a bit of farce goes' is the wordplay.
'a bit of' suggests taking the first letters.
'goes' becomes 'ar' (I can't explain this - if you can you should give a lot more credence to this answer).
The first letter of 'farce' is 'f'.
'f'+'ar'='FAR'
Can you help me to learn more?
(Other definitions for far that I've seen before include "At a great distance way" , "Very much" , "Remote" , "Distant" , "A long, long way to go" .)