Understand wise words and vacillate (6)
I believe the answer is:
seesaw
'vacillate' is the definition.
(thesaurus)
'understand wise words' is the wordplay.
'understand' becomes 'see' (synonyms).
'wise words' becomes 'saw' (I can't justify this - if you can you should give a lot more credence to this answer).
'see'+'saw'='SEESAW'
'and' is the link.
Can you help me to learn more?
(Other definitions for seesaw that I've seen before include "Pivoted amusement" , "Move back and forth" , "entertainment for children" , "Playground device" , "Plank children play on" .)