Tree in familiar old story (8)
I believe the answer is:
chestnut
This might be a double definition.
'tree in familiar' is the first definition.
'chestnut' can be an answer for 'tree' (chestnut is a kind of tree). I am unsure of the 'in familiar' bit.
'old story' is the second definition.
(I've seen this before)
Can you help me to learn more?
(Other definitions for chestnut that I've seen before include "Golden-brown or reddish-brown horse" , "Conker tree - 11 of 10" , "Tree fruit known informally as a conker" , "Old joke - edible kernel" , "Tree; old joke (colloq.)" .)