Time for a bit of magic (5)
I believe the answer is:
spell
I believe this clue is a double definition.
'time' is the first definition.
(both can mean a short period of time)
'a bit of magic' is the second definition.
(magic spell)
'for' is the link.
(Other definitions for spell that I've seen before include "Period of time - bewitching utterance" , "Charm; short period" , "Magic incantation" , "term" , "Bewitching incantation" .)