The most common and most likely answer to this crossword clue is the 15 letter word OVERCOMPENSATES
I've seen this crossword clue in Financial Times
O
V
E
R
C
O
M
P
E
N
S
A
T
E
S
Buddy explains!
The straight part
We know that "Goes too far making up" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case goes too far making up = overcompensates.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 OVERCOMPENSATES mean?
OVERCOMPENSATES verb- To do an excessive amount in one area in an effort to overcome a perceived lack in another area.
- To provide with excessive pay or reward for work performed.