The most common and most likely answer to this crossword clue is the 4 plus 4 letter word GIFT WRAP
I've seen this crossword clue in The Daily Telegraph
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More clues leading to the result GIFT WRAP
Buddy explains!
The straight part
We know that "Arrange special cover for the present" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case arrange special cover for the present = gift wrap.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 GIFT WRAP mean?
GIFT WRAP noun- Decorative wrappings
- To wrap something in decorative wrappings prior to presenting it as a gift