Cryptic crossword clue
Present contains surprise? Emphatically not! 5

The most common and most likely answer to this crossword clue is the 5 letter word NOHOW

I've seen this crossword clue in Financial Times
N
O
H
O
W


Buddy explains!

The straight part
We know that "Emphatically not" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case emphatically not = nohow.
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 NOHOW mean?

NOHOW adverb
  1. In no way; not at all; by no available means.

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