Cryptic crossword clue
Return of cutter riding the waves on the drink 10

The most common and most likely answer to this crossword clue is the 10 letter word WASSAILING

I've seen this crossword clue in The Guardian
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Buddy explains!

The straight part
We know that "on the drink" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case on the drink = wassailing.
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 WASSAILING mean?

WASSAILING verb
  1. To toast, to drink to the health of another.
  2. To drink wassail.
  3. To go from house to house at Christmastime, singing carols.
WASSAILING noun
  1. The act of performing a wassail.

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