Cryptic crossword clue
Not in the first three cracking extremely awful pun before month is up 8

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

I've seen this crossword clue in Financial Times
U
N
P
L
A
C
E
D

Buddy explains!

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 UNPLACED mean?

UNPLACED adjective
  1. Not assigned a place.
  2. Not among the first three horses to finish a race.

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