Spinning recalled in folk tale (10)
I believe the answer is:
cinderella
'folk tale' is the definition.
(Cinderella is a fairy tale)
'spinning recalled in' is the wordplay.
'spinning' indicates an anagram.
'recalled'+'in'='recalledin'
'recalledin' with letters rearranged gives 'CINDERELLA'.
(Other definitions for cinderella that I've seen before include "movie" , "One whose talent is overlooked" , "8 [BALLET]" , "a success in the end?" , "Poor unhappy girl who meets her Prince Charming" .)