Cryptic crossword clue
Last item on menu by back oven – see that’s far-fetched 8

The most common and most likely answer to this crossword clue is the 8 letter word UNLIKELY

I've seen this crossword clue in Financial Times
U
N
L
I
K
E
L
Y

Buddy explains!

The straight part
We know that "far-fetched" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case far-fetched = unlikely.
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 UNLIKELY mean?

UNLIKELY noun
  1. Something or somebody considered unlikely.
UNLIKELY adjective
  1. Not likely; improbable; not to be reasonably expected.
  2. Not holding out a prospect of success; likely to fail; unpromising.
UNLIKELY adverb
  1. In an improbable manner.

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