Possibly Elvis is not dead (5)

I believe the answer is:

lives

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

'is not dead' is the definition.
I can't tell whether this definition defines the answer.

'possibly elvis' is the wordplay.
'possibly' indicates an anagram.
'elvis' with letters rearranged gives 'LIVES'.

Can you help me to learn more?

(Other definitions for lives that I've seen before include "Is animate" , "Biographies" , "Resides" , "Elvis (anag) - is not dead" , "See 5" .)

I've seen this clue in The Sun.

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