Notice cutter bobbing (6)

I believe the answer is:

seesaw

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'notice cutter bobbing' is the definition.
I can't tell whether this definition defines the answer.

'notice cutter' is the wordplay.
'notice' becomes 'see' (notice can mean to spot or see).
'cutter' becomes 'saw' (I've seen this in another clue).
'see'+'saw'='SEESAW'

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(Other definitions for seesaw that I've seen before include "Board balanced on a fulcrum in the playground" , "Playground furniture" , "youngsters' game" , "Playground equipment for kids" , "wild mare" .)

I've seen this clue in The Independent.

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