Old and funny tales (5)
I believe the answer is:
stale
'old' is the definition.
('stale' can be a synonym of 'old')
'funny tales' is the wordplay.
'funny' indicates anagramming the letters.
'tales' anagrammed gives 'STALE'.
'and' is the link.
(Other definitions for stale that I've seen before include "Musty - out of date" , "Lacking freshness" , "No longer fresh" , "piss" , "No longer take" .)