The pound is a bit flexible (7)
I believe the answer is:
lissome
'flexible' is the definition.
(thesaurus)
'the pound is a bit' is the wordplay.
'the pound' becomes 'l'.
'a bit' becomes 'some' (I've seen this in other clues).
'l'+'is'+'some'='LISSOME'
(Other definitions for lissome that I've seen before include "Slim, supple, graceful" , "Thin - supple - graceful" , "Moving supply" , "flexible" , "Lithe; nimble" .)