Cryptic crossword clue
Favourite holding a dissolute fellow 8

The most common and most likely answer to this crossword clue is the 8 letter word PARAKEET

I've seen this crossword clue in Financial Times
P
A
R
A
K
E
E
T


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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 PARAKEET mean?

PARAKEET noun
  1. Any of various species of small parrot primarily of tropical regions.

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