The most common and most likely answer to this crossword clue is the 6 letter word GRAMMY
G
R
A
M
M
Y
More clues leading to the result GRAMMY
- Expansion of ggiving record award
- Entertainment award makes old poet hug maiden repeatedly
- Music award lame — about right?
- Right to stop lame award
- It’s good joining group of stars with my entertainment award
- Two men pre-empt news of aged relative’s record award
- It might be given away for a song
- Nana's award
Buddy explains!

The straight part
We know that "It" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case it = grammy.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 GRAMMY mean?
GRAMMY noun- Grandmother