Fancies ring given to Ethiopian prince (8)
I believe the answer is:
chimeras
'fancies' is the definition.
(I've seen this before)
'ring given to ethiopian prince' is the wordplay.
'ring' becomes 'chime' (eg a bell chimes or rings).
'given to' means one lot of letters go next to another.
'ethiopian prince' becomes 'ras' (I've seen this before).
'chime'+'ras'='CHIMERAS'
(Other definitions for chimeras that I've seen before include "wild dreams" , "Fancies" , "Monsters" .)