Wears furs and waves (4)
I believe the answer is:
surf
'waves' is the definition.
(surf can mean foam from waves)
'wears furs' is the wordplay.
'wears' indicates an anagram (I've seen 'wearing' mean this (wear can mean to become damaged)).
'furs' is an anagram of 'SURF'.
'and' acts as a link.
(Other definitions for surf that I've seen before include "Seaside froth" , "Waves breaking on the shore" , "White foam of breaking waves" , "Ride waves - browse net" , "Sea foam" .)