Traveller and giver, outwardly, of a bit of fun for £50 (8)
I believe the answer is:
gulliver
'traveller' is the definition.
(I've seen this before)
I can't explain the rest of the clue.
Can you help me to learn more?
(Other definitions for gulliver that I've seen before include "Lilliput visitor" , "Dean Swift's travelling man" , "Dean Swift's fictional traveller" , "Swift man" .)