Two presents at the moment (4,3,3)
I believe the answer is:
here and now
'moment' is the definition.
(synonyms)
'two presents at' is the wordplay.
I cannot quite understand how this works, but
'at' could be 'her' (I've seen this in other clues) and 'her' is present in the answer.
This explanation may well be incorrect...
'the' acts as a link.
Can you help me to learn more?
(Other definitions for here and now that I've seen before include "on the spot" , "present" , "At this time" .)