The most common and most likely answer to this crossword clue is the 5 letter word GNATS
I've seen this crossword clue in Financial Times
G
N
A
T
S
More clues leading to the result GNATS
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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 GNATS mean?
GNATS noun- Any small insect of the order Diptera, specifically within the suborder Nematocera.