Small horse (4)

I think it could be either:

Which length description are you looking for?:

8,4

pony

'small horse' is the definition.
(I've seen this before)

This is the entire clue.

(Other definitions for pony that I've seen before include "Twenty-five pounds; small horse" , "Horse (worth PS25?)" , "Small breed of horse" , "Animal; PS25" , "staked 25" .)

I've seen this clue in The Independent, the Sydney Morning Herald, The Times, the USA Today, The Mirror, The Guardian, the Newsday, the Universal, the Evening Standard and The Telegraph.

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