The most common and most likely answer to this crossword clue is the 8 letter word LACERATE
I've seen this crossword clue in The Daily Telegraph
L
A
C
E
R
A
T
E
More clues leading to the result LACERATE
Buddy explains!

The straight part
We know that "cut" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case cut = lacerate.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 LACERATE mean?
LACERATE verb- To tear, rip or wound.
- To defeat thoroughly; to thrash.
- Jagged, as if torn or lacerated.