Rubbish from Emperor Otto (3)
I believe the answer is:
rot
'rubbish' is the definition.
(both can mean nonsense)
'from emperor otto' is the wordplay.
'from' says the answer is hidden in the clue.
'ROT' is hidden within 'emperor otto'.
(Other definitions for rot that I've seen before include "Decay in grotesque way" , "Paradise" , "Decay, go bad" , "Decay or disintegrate" , "Decay, moulder" .)