He only has two wheels (5)
I believe the answer is:
biker
'he only' is the definition.
I know nothing about this answer so I cannot tell whether this works.
'two wheels' is the wordplay.
'two wheels' means two replacements for 'wheel'.
'wheel' becomes 'bike' (synonyms).
'wheel' becomes 'r' (I can't justify this - if you can you should give a lot more credence to this answer).
'bike'+'r'='BIKER'
'has' is the link.
Can you help me to learn more?
(Other definitions for biker that I've seen before include "Motorcycist" , "Rider" , "Hell's Angel?" , "Motorcyclist" .)