Cryptic crossword clue
Old priest reflected star director had exaggerated appeal

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

I've seen this crossword clue in Independent
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Buddy explains!

The straight part
We know that "had exaggerated appeal" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case had exaggerated appeal = oversold.
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 OVERSOLD mean?

OVERSOLD adjective
  1. In a stock or commodity market condition where there has been significant trading driving prices down to lower levels, levels which seem overextended or excessive on a short-term basis.

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