The most common and most likely answer to this crossword clue is the 8 letter word PINPOINT
I've seen this crossword clue in The Daily Telegraph
P
I
N
P
O
I
N
T
More clues leading to the result PINPOINT
- Identify flag and goal
- Precisely define form of identification required by head
- Identify standard measure of accuracy
- Find purpose under flag
- Locate popular naval officer drowning in drink
- Exactly identify amount of fluid collecting in river
- Describe clearly at home petty officer consumed by drink
- Identify leg position on cricket field
Buddy explains!

The straight part
We know that "Exactly identify" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case exactly identify = pinpoint.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 PINPOINT mean?
PINPOINT noun- The point of a pin.
- To identify or locate precisely or with great accuracy.
- Extremely precise or specific, especially regarding location.