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Fancy
knocking
off
leader
for
paper?
(4)
Fancy knocking off leader for paper? (4)
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The definition is at the end of the clue.
How the clue works
Look at paper at the end — that's your definition, since a ream is a quantity of paper. Fancy gives you DREAM, and then knocking off leader means you lop off the first letter, the D, leaving you with REAM.