The most common and most likely answer to this crossword clue is the 7 plus 5 letter word CORNISH PASTY
I've seen this crossword clue in The Daily Telegraph
C
O
R
N
I
S
H
P
A
S
T
Y
More clues leading to the result CORNISH PASTY
Buddy explains!
The straight part
We know that "Pie" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case pie = cornish pasty.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.