The most common and most likely answer to this crossword clue is the 4 letter word DAME
I've seen this crossword clue in Financial Times
D
A
M
E
More clues leading to the result DAME
- Made out pantomime figure
- Incomparable lady from South Pacific
- English loony rolling over as pantomime character
- Principal player embraced by Radames
- Show person, lawyer and writer
- Titled lady enthralled by high-powered American
- Pantomime character made to look silly
- Somewhat disliked, a mean pantomime character
- Character dragged up at this time of the year?
- Hoover is one to finally interrogate lady of distinction
Buddy explains!

The straight part
We know that "pantomime character" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case pantomime character = dame.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 DAME mean?
DAME noun- Usually capitalized as Dame: a title equivalent to Sir for a female knight.
- A matron at a school, especially Eton College.
- In traditional pantomime: a melodramatic female often played by a man in drag.
- (slightly derogatory) A woman.
- A lady, a woman.