Crossword Genius

Now that is a ridiculous piece of furniture! (7)

Ross

I believe the answer is:

whatnot

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'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" .)

I've seen this clue in the Evening Standard.
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