Item for breakfast, baloney (6)
I believe the answer is:
waffle
I believe this clue is a double definition.
'item for breakfast' is the first definition.
(waffles might be eaten at breakfast)
'baloney' is the second definition.
(both can mean nonsensical talk)
(Other definitions for waffle that I've seen before include "Gas on" , "Flannel" , "Cake with grid-like surface" , "Rabbit on" , "Talk but say very little!" .)