Bud's comedy bud (3)
I believe the answer is:
lou
'bud's comedy bud' is the definition.
(I've seen this in another clue)
This is all the clue.
(Other definitions for lou that I've seen before include "-- Reed, rock musician" , "Male or female" , "-- Costello, Abbott's partner" , "-- Reed, singer" , "--- Costello, US comic" .)