The most common and most likely answer to this crossword clue is the 11 letter word SOCKDOLAGER
I've seen this crossword clue in The Times
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More clues leading to the result SOCKDOLAGER
Buddy explains!
The straight part
We know that "Outstanding example" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case outstanding example = sockdolager.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 SOCKDOLAGER mean?
SOCKDOLAGER noun- A hard hit, a knockout or finishing blow, or conclusive argument.
- Something large or otherwise exceptional; a whopper.
- A combination of two hooks which close upon each other, by means of a spring, as soon as the fish bites.