It's a funny thing to read (5)
I believe the answer is:
comic
'it's a funny' is the definition.
(comic can mean funny or humorous)
I cannot understand how the rest of the clue works.
Can you help me to learn more?
(Other definitions for comic that I've seen before include "Stand-up possibly" , "Funny entertainer, often stand-up" , "Amusing person" , "Stand-up comedian" , "Garden perhaps" .)