Cryptic crossword clue
Fabled monster in rhyme, tailless rat 7

The most common and most likely answer to this crossword clue is the 7 letter word CHIMERA

I've seen this crossword clue in The Daily Telegraph
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Buddy explains!

The straight part
We know that "Fabled monster" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case fabled monster = chimera.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does CHIMERA mean?

CHIMERA noun
  1. Alternative letter-case form of Chimera (a flame-spewing monster often represented as having two heads, one of a goat and the other of a lion; the body of a goat; and a serpent as a tail).
  2. Any fantastic creature with parts from different animals.
  3. Anything composed of very disparate parts.
  4. A foolish, incongruous, or vain thought or product of the imagination.
  5. A grotesque like a gargoyle, but without a spout for rainwater.
  6. An organism with genetically distinct cells originating from two or more zygotes.
  7. Usually chimaera: a cartilaginous marine fish in the subclass Holocephali and especially the order Chimaeriformes, with a blunt snout, long tail, and a spine before the first dorsal fin.

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