Cryptic crossword clue
Fellow, having an edge, lost it 7

The most common and most likely answer to this crossword clue is the 7 letter word FLIPPED

I've seen this crossword clue in The Guardian
F
L
I
P
P
E
D

Buddy explains!

The straight part
We know that "lost it" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case lost it = flipped.
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 FLIPPED mean?

FLIPPED verb
  1. To throw so as to turn over.
  2. To put into a quick revolving motion through a snap of the thumb and index finger.
  3. To win a state (or county) won by another party in the preceding elections
  4. To turn state's evidence; to agree to testify against one's co-conspirators in exchange for concessions from prosecutors.
  5. To induce someone to turn state's evidence; to get someone to agree to testify against their co-conspirators in exchange for concessions.
  6. To go berserk or crazy.
  7. To buy an asset (usually a house), improve it and sell it quickly for profit.
  8. To invert a bit (binary digit), changing it from 0 to 1 or from 1 to 0.

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