Now that is a ridiculous piece of furniture! (7)
I believe the answer is:
whatnot
'piece of furniture' is the definition.
(I've seen this before)
'now that is a ridiculous' is the wordplay.
'now that' anagrams to 'WHATNOT'.
But, I am unsure how this is indicated.
Can you help me to learn more?
(Other definitions for whatnot that I've seen before include "Portable stand with shelves" , "Thing whose name is temporarily forgotten" , "This piece of furniture" , "Set of shelves" , "part of the furniture" .)