Anniversary gift I’d chat about with bakery? (8,4)
I believe the answer is:
birthday cake
'anniversary gift' is the definition.
(the anniversary of someone's birth)
'i'd chat about with bakery?' is the wordplay.
'about with' indicates anagramming the letters.
'id'+'chat'='idchat'
'idchat' with its letters mixed up with 'bakery' gives 'BIRTHDAY CAKE'.
(Other definitions for birthday cake that I've seen before include "Anniversary fare" , "Yearly confection" , "Celebratory confection" .)