The most common and most likely answer to this crossword clue is the 5 letter word FOLKS
I've seen this crossword clue in Independent
F
O
L
K
S
More clues leading to the result FOLKS
Buddy explains!

The straight part
We know that "People" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case people = folks.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 FOLKS mean?
FOLKS noun- A grouping of smaller peoples or tribes as a nation.
- The inhabitants of a region, especially the native inhabitants.
- (plural: folks) One’s relatives, especially one’s parents.
- Folk music.
- People in general.
- A particular group of people.
- The members of one's immediate family, especially one's parents
- People in general; everybody or anybody.
- The police.
- (California) Late 19th and early 20th century migrants to California from Iowa and other parts of the Midwestern United States.