Cryptic crossword clue
Dressed in latex at end of disco for larks 10

The most common and most likely answer to this crossword clue is the 10 letter word EXALTATION

I've seen this crossword clue in Financial Times
E
X
A
L
T
A
T
I
O
N

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The cryptic/wordplay part
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This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
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What does EXALTATION mean?

EXALTATION noun
  1. The act of exalting or raising high; also, the state of being exalted; elevation.
  2. The refinement or subtilization of a body, or the increasing of its virtue or principal property.
  3. That placement of a planet in the zodiac in which it is deemed to exert its strongest influence.
  4. The collective noun for larks.
  5. An abnormal sense of personal well-being, power, or importance, observed as a symptom in various forms of insanity.

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