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One in Derby beginning to regret wearing stockings? (5)

Ross

I believe the answer is:

horse

I'm a little stuck... Click here to teach me more about this clue!

'one in derby' is the definition.
The answer and definition can be both man-made objects as well as being singular nouns.
Maybe there's a link between them I don't understand?

'beginning to regret wearing stockings?' is the wordplay.
'beginning to' suggests taking the first letters.
'wearing' means one lot of letters goes inside another.
'stockings?' becomes 'hose' (hose refers to stockings, tights etc).
The first letter of 'regret' is 'r'.
'r' going within 'hose' is 'HORSE'.

Can you help me to learn more?

(Other definitions for horse that I've seen before include "Vaulting --; -- sense" , "See 13" , "gym apparatus" , "Equid" , "Its mouth a reliable source of info" .)

I've seen this clue in The Times.
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