Doesn’t stand for fibs (4)
I believe the answer is:
lies
'fibs' is the definition.
(informal term for lies)
I cannot understand how the rest of the clue works.
Can you help me to learn more?
(Other definitions for lies that I've seen before include "Is prone" , "Reclines" , "False statements" , "Assumes a horizontal position" , "Wallows" .)