A pondering that's funny (7)
I believe the answer is:
amusing
'that's funny' is the definition.
(amusing means funny or entertaining)
'a pondering' is the wordplay.
'pondering' becomes 'musing' (synonyms).
'a'+'musing'='AMUSING'
(Other definitions for amusing that I've seen before include "Entertaining in a mild way" , "comic" , "Pleasantly diverting" , "Causing a smile" , "Giving entertainment" .)