The term 'OBAMA HAS ONE' is referring to the fact that former President Barack Obama has one Nobel Prize. In 2009, Obama was awarded the Nobel Peace Prize for his 'extraordinary efforts to strengthen international diplomacy and cooperation between peoples'. This award was given in recognition of Obama's commitment to promoting nuclear non-proliferation, as well as his work to promote peace and security in the Middle East. The answer to the crossword puzzle is NOBEL, a five letter word.