The most common and most likely answer to this crossword clue is the 6 plus 5 letter word VICTOR BORGE
I've seen this crossword clue in The Guardian
V
I
C
T
O
R
B
O
R
G
E
Buddy explains!
The straight part
We know that "5 of the P" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case 5 of the p = victor borge.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.