A ploy to restrain the frisky bay - a real fun lover (7)
I believe the answer is:
playboy
'a real fun lover' is the definition.
The answer and definition can be both people as well as being singular nouns.
Maybe you can see an association between them that I don't see?
'a ploy to restrain the frisky bay' is the wordplay.
'to restrain' is an insertion indicator.
'the frisky' is an anagram indicator.
'bay' with letters rearranged gives 'ayb'.
'ploy' enclosing 'ayb' is 'PLAYBOY'.
Can you help me to learn more?
(Other definitions for playboy that I've seen before include "Rich pleasure-seeking man" , "American men's lifestyle and entertainment magazine" , "Casanova" , "Rich pleasure-seeker" , "Rich woman-chaser" .)