The most common and most likely answer to this crossword clue is the 7 letter word PSYCHED
I've seen this crossword clue in The Times
P
S
Y
C
H
E
D
Buddy explains!
The straight part
We know that "excited" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case excited = psyched.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 PSYCHED mean?
PSYCHED verb- To put (someone) into a required psychological frame of mind (also psych up).
- To intimidate (someone) emotionally or using psychology (also psych out).
- To treat (someone) using psychoanalysis.
- Thrilled.
- Frightened.
- Excited for a particular subject or interest.