Cryptic crossword clue
I exist concealing endless desire, one appearing to be unreal 8

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

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

The straight part
We know that "appearing to be unreal" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case appearing to be unreal = illusive.
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 ILLUSIVE mean?

ILLUSIVE adjective
  1. Subject to or pertaining to an illusion, often used in the sense of an unrealistic expectation or an unreachable goal or outcome.

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