Misrepresented Hercules and Pan as folkloric beings (11)

I believe the answer is:

leprechauns

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'folkloric beings' is the definition.
Although both the answer and definition are plural nouns, I don't understand how one could define the other.

'misrepresented hercules and pan' is the wordplay.
'misrepresented' is an anagram indicator.
'and' means one lot of letters go next to another.
'hercules'+'pan'='herculespan'
'herculespan' is an anagram of 'LEPRECHAUNS'.

'as' is the link.

Can you help me to learn more?

(Another definition for leprechauns that I've seen is " Irish elves".)

I've seen this clue in The Telegraph.

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