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Long-awaited character returns, holding lead of young Yorkie? (3,3)

Ross

I believe the answer is:

toy dog

I'm a little stuck... Click here to teach me more about this clue!

'long-awaited character' is the definition.
Although both the answer and definition are singular nouns, I can't see how they can define each other.

'returns holding lead of young yorkie?' is the wordplay.
'returns' says the letters should be written backwards.
'holding' means one lot of letters goes inside another.
'lead of' suggests taking the first letters (I've seen 'leading' mean this).
'yorkie?' becomes 'godot' (I can't explain this - if you can you should give a lot more credence to this answer).
The initial letter of 'young' is 'y'.
'y' going within 'godot' is 'godyot'.
'godyot' reversed gives 'TOY DOG'.

Can you help me to learn more?

(Other definitions for toy dog that I've seen before include "Very small pet canine" , "Miniature pet" .)

I've seen this clue in The Telegraph.
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