The most common and most likely answer to this crossword clue is the 6 plus 4 letter word BILLIE JEAN
I've seen this crossword clue in The Guardian
B
I
L
L
I
E
J
E
A
N
Buddy explains!

The straight part
We know that "King/pop song" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case king/pop song = billie jean.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.