It's a little hollow (4)
I believe the answer is:
dell
'hollow' is the definition.
(I know that dell is a type of hollow)
'it's a little' is the wordplay.
'it's' becomes 'del' (I can't justify this - if you can you should believe this answer much more).
'a little' becomes 'l' (abbreviation for little).
'del'+'l'='DELL'
Can you help me to learn more?
(Other definitions for dell that I've seen before include "Farmer's place, in song" , "Deep hollow or small valley" , "Small valley; computer company" , "Dingley - - , ('Pickwick Papers')" , "Small secluded valley" .)