Cryptic crossword clue
Centre of party hat, when turned round, illuminated again 5

The most common and most likely answer to this crossword clue is the 5 letter word RELIT

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


Buddy explains!

The straight part
We know that "illuminated again" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case illuminated again = relit.
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 RELIT mean?

RELIT verb
  1. To light or kindle anew.
  2. To render again with different simulated lighting conditions.

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