Satellite about right for fool (5)
I believe the answer is:
moron
'fool' is the definition.
(thesaurus)
'satellite about right' is the wordplay.
'satellite' becomes 'moon' (moon is a kind of satellite).
'about' indicates putting letters inside.
'right' becomes 'r' (common abbreviation).
'moon' going around 'r' is 'MORON'.
'for' is the link.
(Other definitions for moron that I've seen before include "Halfwit" , "Clot" , "Somewhat feeble-minded person" , "Blockhead" , "Simpleton" .)