Cryptic crossword clue
Prince wearing two hats, strangely, for riverside walks 8

The most common and most likely answer to this crossword clue is the 8 letter word TOWPATHS

I've seen this crossword clue in Independent
T
O
W
P
A
T
H
S

Buddy explains!

The straight part
We know that "riverside walks" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case riverside walks = towpaths.
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 TOWPATHS mean?

TOWPATHS noun
  1. A path alongside a canal or river, originally for horses towing barges, now more often used as a footpath

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