The most common and most likely answer to this crossword clue is the 2 plus 2 plus 5 plus 5 letter word OF NO FIXED ABODE
I've seen this crossword clue in The Daily Telegraph
O
F
N
O
F
I
X
E
D
A
B
O
D
E
More clues leading to the result OF NO FIXED ABODE
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.