Of the highest quality, present trophy returned
I believe the answer is:
top drawer
'of the highest quality' is the definition.
(I've seen this before)
'present trophy returned' is the wordplay.
'present' becomes 'reward' (I can't justify this - if you can you should believe this answer much more).
'trophy' becomes 'pot' (I've seen this before).
'returned' shows that the letters should be reversed in order.
'reward'+'pot'='rewardpot'
'rewardpot' in reverse letter order is 'TOP-DRAWER'.
Can you help me to learn more?
(Other definitions for top drawer that I've seen before include "The very best" , "Highest social position - or sliding furniture box" , "Well-bred" , "upper class" , "highest quality" .)