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... gas used partly for legendarily high one? (7)

Ross

I believe the answer is:

pegasus

I'm a little stuck... Click here to teach me more about this clue!

'one?' is the definition.
Although both the answer and definition are singular nouns, I can't understand how they can define each other.

I cannot understand how the rest of the clue works.

Can you help me to learn more?

(Other definitions for pegasus that I've seen before include "group of stars" , "Winged horse of Greek myth" , "Constellation in the northern hemisphere near Andromeda and Pisces" , "Exceptional horse" , "Flier" .)

I've seen this clue in The Independent.
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