Cryptic crossword clue
Present option, having bent top of Barbie’s letter? 4,5

The most common and most likely answer to this crossword clue is the 4 plus 5 letter word GIFT TOKEN

I've seen this crossword clue in The Guardian
G
I
F
T
T
O
K
E
N

Buddy explains!

The straight part
We know that "Present option/Present option" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case present option/present option = gift token.
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.

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