Cryptic crossword clue
Australian monster rabbit, gutted, very cheap 6

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

I've seen this crossword clue in The Guardian
B
U
N
Y
I
P

Buddy explains!

The straight part
We know that "Australian monster" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case australian monster = bunyip.
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 BUNYIP mean?

BUNYIP noun
  1. A mythical Australian monster, said to inhabit swamps and lagoons.
  2. An imposter or con-man.

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