From The Enigma
NPL Magazine - Feb. 2012
ENDGAME

The first answer to this flat is a two-word phrase. The second answer is a single word. The second answer is made up of the same letters as the first answer, with the initial letter of each word removed.
Other than the removal of the initial letters from the first answer, the letters in the second answer remain in the same order.

The fat  _ _ _ _ _ _    _ _ _ _
Is not  _ _ _ _ _ _ _ _.
It lives in seas
And not in trees.

HINTS:
#1: The initial letters of the first answer are H and S.
#2: The initial letter of the second answer is A.
#3: These two hints tell you that the first two letters of the first answer are HA.

Answer:

HARBOR SEAL
   ARBOR   EAL = ARBOREAL