one and only is an adjective meaning "eminent beyond or above comparison". It carries one recorded sense.
eminent beyond or above comparison
“matchless beauty”
“the team's nonpareil center fielder”
“she's one girl in a million”
“the one and only Muhammad Ali”
“a peerless scholar”
“infamy unmatched in the Western world”
“wrote with unmatchable clarity”
“unrivaled mastery of her art”
Definitions, synonyms and semantic relations for one and only come from Princeton University’s WordNet. Commonness is measured against a corpus of everyday English. Full sources and licences.