I must ignore small and mischievous child (3)
I believe the answer is:
elf
'mischievous child' is the definition.
(I've seen this in another clue)
I cannot understand how the rest of the clue works.
Can you help me to learn more?
(Other definitions for elf that I've seen before include "1 ac fairy" , "Robin Goodfellow?" , "Mischievous fairies" , "Diminutive folklore creature" , "Imaginary creature" .)