The most common and most likely answer to this crossword clue is the 8 letter word MATCHBOX
I've seen this crossword clue in Financial Times
M
A
T
C
H
B
O
X
More clues leading to the result MATCHBOX
- Lucifer may be here, game to fight
- Toymaker's test case
- Very small wedding buffet
- Fit tree into small container
- Its contents must be made of light wood
- Where strikers may be found seeing game on television?
- Agree penalty area is where to put striker
- Strikers in this game come to blows
- Colour-coordinate packaging for small car company
- Where strikers go in game to strike?
Buddy explains!

The straight part
We know that "Its contents must be made of light wood" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case its contents must be made of light wood = matchbox.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 MATCHBOX mean?
MATCHBOX noun- A small cardboard box in which matches are kept.
- Any small die-cast toy car, usually collectible.