The most common and most likely answer to this crossword clue is the 6 letter word MORRIS
I've seen this crossword clue in Financial Times
M
O
R
R
I
S
More clues leading to the result MORRIS
- Minor perhaps beginning to madden Iris
- Crafty poet married Iris
- Folk dance in Nottingham or Risley
- Rock singer not performing as a craftsman
- Gentleman having memory about Victorian craftsman
- Animal Magic presenter seen in most of supermarkets
- Gentleman with memory recalled famous designer
- Dancing baronet gets up after a short time, right?
- Socialist craftsman dancing
Buddy explains!
The straight part
We know that "Folk dance" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case folk dance = morris.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.