It may flutter by (9)
I believe the answer is:
butterfly
'it' is the definition.
The definition suggests a singular noun which matches the answer.
'may flutter by' is the wordplay.
'may' indicates an anagram (I've seen 'might' mean this (I've seen this in other clues)).
'flutter'+'by'='flutterby'
'flutterby' is an anagram of 'BUTTERFLY'.
Can you help me to learn more?
(Other definitions for butterfly that I've seen before include "Beautiful insect and swimming stroke" , "Insect with four coloured wings and feelers" , "Lepidopterous insect" , "Insect with large, usually brightly coloured, wings" , "Peacock or red admiral, for example" .)