The most common and most likely answer to this crossword clue is the 7 letter word LOUNGES
I've seen this crossword clue in The Guardian
L
O
U
N
G
E
S
More clues leading to the result LOUNGES
Buddy explains!

The straight part
We know that "Lies about" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case lies about = lounges.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 LOUNGES mean?
LOUNGES noun- A waiting room in an office, airport etc.
- A domestic living room.
- An establishment, similar to a bar, that serves alcohol and often plays background music or shows television.
- A large comfortable seat for two or three people or more, a sofa or couch; also called lounge chair.
- The act of one who lounges; idle reclining.
- To relax; to spend time lazily; to stand, sit, or recline, in an indolent manner.