The most common and most likely answer to this crossword clue is the 8 letter word WOODCUTS
I've seen this crossword clue in Financial Times
W
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O
D
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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 WOODCUTS mean?
WOODCUTS noun- An engraved block of wood, especially one used as a printing form.
- A method of printmaking from such a block.
- A print produced with this method.