Cryptic crossword clue
After treatment, cougar is well! 8

The most common and most likely answer to this crossword clue is the 8 letter word GRACIOUS

I've seen this crossword clue in Financial Times
G
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Buddy explains!

The straight part
We know that "well!" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case well! = gracious.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does GRACIOUS mean?

GRACIOUS adjective
  1. Kind and warmly courteous
  2. Tactful
  3. Compassionate
  4. Indulgent, charming and graceful
  5. Elegant and with good taste
  6. Benignant
  7. Full of grace
GRACIOUS interjection
  1. Expression of surprise, contempt, outrage, disgust, boredom, frustration.

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