The most common and most likely answer to this crossword clue is the 10 letter word FLAMBOYANT
I've seen this crossword clue in The Times
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More clues leading to the result FLAMBOYANT
Buddy explains!

The straight part
We know that "Extravagant" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case extravagant = flamboyant.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 FLAMBOYANT mean?
FLAMBOYANT noun- The royal poinciana (Delonix regia), a showy tropical tree.
- Showy, bold or audacious in behaviour, appearance, etc.
- Referring to the final stage of French Gothic architecture from the 14th to the 16th centuries.