The only fellow fancied inferior to the female (4,3)

I believe the answer is:

mere man

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'fancied inferior to the female' is the definition.
I don't know anything about this answer so I cannot judge whether it can be defined by this definition.

'the only fellow' is the wordplay.
'the only' becomes 'mere' (I've seen this in another clue).
'fellow' becomes 'man' (fellow can mean a man).
'mere'+'man'='MERE MAN'

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