Giant imagined to be many times eyed (5)

I believe the answer is:

argus

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'giant' is the definition.
(Argus is an example)

I don't understand how the rest of the clue works.

(Other definitions for argus that I've seen before include "Many-eyed giant" , "In Greek myth, a many-eyed monster slain by Hermes" , "Pheasant, butterfly, a hundred-eyed monster" , "Many-eyed mythical monster" , "Legendary Guardian" .)

I've seen this clue in the Evening Standard.

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