Cryptic crossword clue
It defines one or two, but not many! 12

The most common and most likely answer to this crossword clue is the 12 letter word MONOSYLLABLE

I've seen this crossword clue in The Daily Telegraph
M
O
N
O
S
Y
L
L
A
B
L
E

Buddy explains!

The straight part
We know that "It defines one or two, but not many" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case it defines one or two, but not many = monosyllable.
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 MONOSYLLABLE mean?

MONOSYLLABLE noun
  1. A word of one syllable.
  2. A euphemism for the word cunt

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