The most common and most likely answer to this crossword clue is the 4 plus 4 plus 4 letter word PLAY WITH FIRE
I've seen this crossword clue in The Sunday Telegraph
P
L
A
Y
W
I
T
H
F
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R
E
More clues leading to the result PLAY WITH FIRE
- Riskily meddle in passionate drama?
- Wily father I suspect after power — tempt fate
- Take foolish risks in drama, and shoot
- Take a big risk with stage production using flames
- Live dangerously in drama, possessing passion
- Compete passionately but take silly risks?
- Skate on thin ice and feel the heat?
- Stupidly reply ‘What if I take unnecessary risks?’
- Live dangerously and shoot after drama
- Take big risk with hi-fi we partly repaired
Buddy explains!
The straight part
We know that "Skate on thin ice" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case skate on thin ice = play with fire.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.