The most common and most likely answer to this crossword clue is the 3 plus 9 letter word MAN OVERBOARD
I've seen this crossword clue in Financial Times
M
A
N
O
V
E
R
B
O
A
R
D
More clues leading to the result MAN OVERBOARD
Buddy explains!
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.