Sadly, tale erring: half is exaggerated (6-4-4)
I believe the answer is:
larger-than-life
'is exaggerated' is the definition.
(I've seen this before)
'sadly tale erring half' is the wordplay.
'sadly' indicates anagramming the letters.
'tale'+'erring'+'half'='taleerringhalf'
'taleerringhalf' with letters rearranged gives 'LARGER-THAN-LIFE'.
(Another definition for larger-than-life that I've seen is " Exaggerated".)
I've seen this clue in The Times.
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