Cryptic crossword clue
American in Yale intoxicated with posh theatres 10

The most common and most likely answer to this crossword clue is the 10 letter word PLAYHOUSES

I've seen this crossword clue in The Daily Telegraph
P
L
A
Y
H
O
U
S
E
S

Buddy explains!

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

PLAYHOUSES noun
  1. A child's toy domestic dwelling, either for dolls or large enough for the child to enter.
PLAYHOUSES noun
  1. A venue for performing plays.

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