Cryptic crossword clue
Number cyclically permuting 0 and 1? 5

The most common and most likely answer to this crossword clue is the 5 letter word NOVEL

I've seen this crossword clue in Financial Times
N
O
V
E
L


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The straight part
We know that "1" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case 1 = novel.
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 NOVEL mean?

NOVEL adjective
  1. Newly made, formed or evolved; having no precedent; of recent origin; new.
  2. Original, especially in an interesting way; new and striking; not of the typical or ordinary type.
NOVEL noun
  1. A work of prose fiction, longer than a novella.
  2. A fable; a short tale, especially one of many making up a larger work.
NOVEL noun
  1. A novelty; something new.
NOVEL noun
  1. A new legal constitution in ancient Rome.

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