Cryptic crossword clue
On a dash, gauge small, tight pants 7

The most common and most likely answer to this crossword clue is the 7 letter word SPEEDOS

I've seen this crossword clue in Financial Times
S
P
E
E
D
O
S


Buddy explains!

The straight part
We know that "tight pants" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case tight pants = speedos.
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 SPEEDOS mean?

SPEEDOS noun
  1. A tight-fitting swimsuit, especially commonly worn by competitive swimmers and divers. Usually implies a brief or bikini style swimsuit.
SPEEDOS noun
  1. A speedometer, particularly one in a race car or other automobile.

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