Animal held by bishop and archbishop (5)
I believe the answer is:
panda
'animal' is the definition.
(I've seen this before)
'held by bishop and archbishop' is the wordplay.
'held by' says the answer is hidden in the clue.
'PANDA' can be found hidden inside 'bishop and archbishop'.
(Other definitions for panda that I've seen before include "See 17" , "Black and white Chinese bear" , "See 11" , "Bamboo-eating animal" , "Police car" .)