Cryptic crossword clue
Sled aces crashed, having come down in the world 8

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

D
E
C
L
A
S
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E

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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.
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What does DECLASSE mean?

DECLASSE adjective
  1. Degraded from one's social class.

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