Togo picks out a bouncy toy (4,5)
I believe the answer is:
pogo stick
'a bouncy toy' is the definition.
'pogo stick' can be an answer for 'toy' (pogo stick is a kind of toy). I am not sure about the 'a bouncy' bit.
'togo picks out' is the wordplay.
'out' indicates anagramming the letters (out can mean wrong or inaccurate).
'togo'+'picks'='togopicks'
'togopicks' is an anagram of 'POGO STICK'.
Can you help me to learn more?
(Other definitions for pogo stick that I've seen before include "Jumping toy" , "Jumping rod with a spring" , "On which kids bounce along" .)