Crossword Genius

Ring artist for fantastic idea (7)

Ross

I believe the answer is:

chimera

'fantastic idea' is the definition.
(chimera can mean a dream or fantasy)

'ring artist' is the wordplay.
'ring' becomes 'chime' (eg a bell chimes or rings).
'artist' becomes 'RA' (Royal Academician, member of Royal Academy of Arts).
'chime'+'ra'='CHIMERA'

'for' is the link.

(Other definitions for chimera that I've seen before include "Fire-breathing female monster" , "Illusory goal; monster" , "eaders of radio appear after jingle" , "Mythical monster, part lion, goat and serpent" , "fabulous beast" .)

I've seen this clue in The Times.
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