The most common and most likely answer to this crossword clue is the 4 letter word INIA
I
N
I
A
Buddy explains!

The straight part
We know that "Lumps belonging to the rearmost bits of crania" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case lumps belonging to the rearmost bits of crania = inia.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.