Cryptic crossword clue
Alert fellow waving flag 6

The most common and most likely answer to this crossword clue is the 6 letter word FALTER

I've seen this crossword clue in Financial Times
F
A
L
T
E
R

Buddy explains!

The straight part
We know that "flag" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case flag = falter.
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 FALTER mean?

FALTER noun
  1. Unsteadiness.
FALTER verb
  1. To waver or be unsteady; to weaken or trail off.
  2. To stammer; to utter with hesitation, or in a weak and trembling manner.
  3. To fail in distinctness or regularity of exercise; said of the mind or of thought.
  4. To stumble.
  5. To lose faith or vigor; to doubt or abandon (a cause).
  6. To hesitate in purpose or action.
  7. To cleanse or sift, as barley.

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