Shave round blonde fringe, this female's hairy (3-4)
I believe the answer is:
she-bear
'this female's hairy' is the definition.
(a she-bear is a hairy animal)
'shave round blonde fringe' is the wordplay.
'shave' becomes 'shear' (shearing is a kind of shaving).
'round' means one lot of letters goes inside another.
'fringe' suggests removing the centre (only the letters on the fringe).
'blonde' with its middle taken out is 'be'.
'shear' placed around 'be' is 'SHE-BEAR'.
(Another definition for she-bear that I've seen is " This female more deadly than the male (Kipling)".)