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Top
dictator’s
little
dog
(4)
Top dictator’s little dog (4)
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The definition is at the beginning of the clue.
How the clue works
The definition is Top — think summit or highest point. Now, dictator's is your homophone indicator (as in, someone who dictates how it sounds), pointing you to PEKE — a little Pekingese dog — which when spoken aloud sounds just like PEAK.