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 USA Today, The Telegraph, the Evening Standard, the Newsday, the Universal, The Times, the Sydney Morning Herald, The Mirror and The Guardian.

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