Cryptic crossword clue
Gathering around an interest in The Iron Stone 4

The most common and most likely answer to this crossword clue is the 4 letter word FEST

I've seen this crossword clue in The Guardian
F
E
S
T

Buddy explains!

The straight part
We know that "Gathering around an interest" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case gathering around an interest = fest.
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 FEST mean?

FEST noun
  1. (in combination) A gathering for a specified reason or occasion.
  2. (in combination) An event in which the act denoted by the previous noun occurs.

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