Cryptic crossword clue
Holding outdoor activity around lake 8

The most common and most likely answer to this crossword clue is the 8 letter word CLAMPING

I've seen this crossword clue in The Daily Telegraph
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Buddy explains!

The straight part
We know that "Holding" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case holding = clamping.
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 CLAMPING mean?

CLAMPING verb
  1. To fasten in place or together with (or as if with) a clamp.
  2. To hold or grip tightly.
  3. To modify (a numeric value) so it lies within a specific range.
  4. To cover (vegetables, etc.) with earth.
CLAMPING verb
  1. To tread heavily or clumsily; to clump or clomp.
CLAMPING noun
  1. The act by which something is clamped.

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