The most common and most likely answer to this crossword clue is the 3 plus 5 letter word OLD GLORY
I've seen this crossword clue in Financial Times
O
L
D
G
L
O
R
Y
More clues leading to the result OLD GLORY
- Getting on with Labour, initially wrapped in red flag
- Ancient distinction in national flag
- Look up lines supporting new gold standard in America
- Familiar parrot swallows German flag
- Unusual gold parrot; it’s flown over the pond
- Elderly take pride in flag
- Gold's undoing extremely likely without gold standard in the US
- US flag made of rolled gold leaf at first with additional gold? Yes!
Buddy explains!
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.