Submarine might be about (1-4)
I believe the answer is:
u-boat
'submarine' is the definition.
(I know that submarine can be written as U-boat)
'might be about' is the wordplay.
'might be' indicates an anagram (I've seen this in other clues).
'about' with letters rearranged gives 'U-BOAT'.
(Other definitions for u-boat that I've seen before include "Submersible warship armed with torpedoes" , "Take pool exercise" , "German wartime submarine" , "German WW 2 sub" , "Sea vessel" .)