Prince Charming maybe hugs female speaker (6)
I believe the answer is:
woofer
'speaker' is the definition.
(woofer is a kind of speaker)
'prince charming maybe hugs female' is the wordplay.
'prince charming maybe' becomes 'wooer'.
'hugs' means one lot of letters goes inside another.
'female' becomes 'f' (abbreviation).
'wooer' placed around 'f' is 'WOOFER'.
(Other definitions for woofer that I've seen before include "sound booster?" , "Loudspeaker that reproduces lower frequency sounds" , "Lab possibly" , "Low-frequency speaker" , "Loudspeaker to reproduce lower sounds" .)