The most common and most likely answer to this crossword clue is the 12 letter word MONUMENTALLY
I've seen this crossword clue in The Times
M
O
N
U
M
E
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T
A
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Y
Buddy explains!

The straight part
We know that "hugely!" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case hugely! = monumentally.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 MONUMENTALLY mean?
MONUMENTALLY adverb- To a monumental extent; very greatly.