Cryptic crossword clue
In high spirits, removing top is perilous 5

The most common and most likely answer to this crossword clue is the 5 letter word RISKY

I've seen this crossword clue in Financial Times
R
I
S
K
Y


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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 RISKY mean?

RISKY adjective
  1. Dangerous, involving risks.

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