Cryptic crossword clue
Putting a bun in the oven, mischief-maker and sailor eat last of the egg and bacon 12

The most common and most likely answer to this crossword clue is the 12 letter word IMPREGNATING

I've seen this crossword clue in Financial Times
I
M
P
R
E
G
N
A
T
I
N
G

Buddy explains!

The straight part
We know that "Putting a bun in the oven" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case putting a bun in the oven = impregnating.
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 IMPREGNATING mean?

IMPREGNATING verb
  1. To cause to become pregnant.
  2. To fertilize.
  3. To saturate, or infuse.
  4. To fill pores or spaces with a substance.
  5. To become pregnant.

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