Cryptic crossword clue
Fancy red tux, trimmed and adjusted accurately 5

The most common and most likely answer to this crossword clue is the 5 letter word TRUED

T
R
U
E
D

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The straight part
We know that "adjusted accurately" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case adjusted accurately = trued.
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 TRUED mean?

TRUED verb
  1. To straighten.
  2. To make even, level, symmetrical, or accurate, align; adjust.

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