Cryptic crossword clue
Amusing repartee is second-rate these days and in decline 8

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

I've seen this crossword clue in Independent
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Buddy explains!

The straight part
We know that "Amusing repartee" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case amusing repartee = badinage.
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 BADINAGE mean?

BADINAGE noun
  1. Playful raillery; banter.
BADINAGE verb
  1. To engage in badinage or playful banter.

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