Shows concerning gifts (10)
I believe the answer is:
represents
'shows' is the definition.
(I've seen this before)
'concerning gifts' is the wordplay.
'concerning' becomes 're' (both can mean on a particular topic).
'gifts' becomes 'presents' (present is a kind of gift).
're'+'presents'='REPRESENTS'
(Other definitions for represents that I've seen before include "Stands for" , "Portrays" , "plays" , "shows" .)