Cryptic crossword clue
It’s terrible about half of lake having dried out 5

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

I've seen this crossword clue in The Guardian
B
A
K
E
D

Buddy explains!

The straight part
We know that "dried out" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case dried out = baked.
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 BAKED mean?

BAKED verb
  1. (with person as subject) To cook (something) in an oven.
  2. (with baked thing as subject) To be cooked in an oven.
  3. To be warmed to drying and hardening.
  4. To dry by heat.
  5. To be hot.
  6. To cause to be hot.
  7. To smoke marijuana.
  8. To harden by cold.
  9. To fix (lighting, reflections, etc.) as part of the texture of an object to improve rendering performance.
  10. (with "in" or "into") To incorporate into something greater.
BAKED adjective
  1. That has been cooked by baking.
  2. High on cannabis.

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