Fellow with clever story (5)
I believe the answer is:
fable
'story' is the definition.
(fable is a kind of story)
'fellow with clever' is the wordplay.
'fellow with' becomes 'f' (I've seen this in other clues).
'clever' becomes 'able' (I've seen this before).
'f'+'able'='FABLE'
(Other definitions for fable that I've seen before include "there may be a moral to it" , "Allegory" , "Moral tale" , "It's not true" , "Short moral story" .)