The most common and most likely answer to this crossword clue is the 5 letter word LUNGI
I've seen this crossword clue in Financial Times
L
U
N
G
I
More clues leading to the result LUNGI
Buddy explains!
The straight part
We know that "one winds this to make garment" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case one winds this to make garment = lungi.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 LUNGI mean?
LUNGI noun- A garment worn around the waist, especially by men, in Southern India, Bangladesh, Burma, and Pakistan.