The most common and most likely answer to this crossword clue is the 4 plus 5 letter word BLUE PETER
B
L
U
E
P
E
T
E
R
More clues leading to the result BLUE PETER
- Unhappy lord outside Parliament finally gives indication of imminent departure
- Flag down Cook?
- Time to put in dirty look as signal of departure
- Flag up when existence of previous manufacture might be indicated?
- Boy looking sad, an indication of imminent departure
- Flag down a man of principle?
- Jack’s final intimation of leaving TV show?
- Depressed with French and having to enter for every programme
- Flag — colour will fade gradually
Buddy explains!

The straight part
We know that "Flag" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case flag = blue peter.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.