The most common and most likely answer to this crossword clue is the 3 plus 2 plus 3 letter word CUT IT OUT
I've seen this crossword clue in The Times
C
U
T
I
T
O
U
T
Buddy explains!
The straight part
We know that "less of that!" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case less of that! = cut it out.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.