The most common and most likely answer to this crossword clue is the 8 letter word BLINTZES
I've seen this crossword clue in The Times
B
L
I
N
T
Z
E
S
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The straight part
We know that "Pancakes" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case pancakes = blintzes.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 BLINTZES mean?
BLINTZES noun- A thin blini (pancake), filled (often with sweet cheese) and folded, then fried and often served with sour cream, fruit, or a sweet sauce.