Cryptic crossword clue
Desperate pal’s stag do 4-4

The most common and most likely answer to this crossword clue is the 9 letter word LAST-GASP

I've seen this crossword clue in Financial Times
L
A
S
T
-
G
A
S
P

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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 LAST-GASP mean?

LAST-GASP adjective
  1. Happening at the very end of an event.

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