The most common and most likely answer to this crossword clue is the 10 letter word UNCLOTHING
I've seen this crossword clue in The Times
U
N
C
L
O
T
H
I
N
G
Buddy explains!

The straight part
We know that "Stripping" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case stripping = unclothing.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.
The cryptic part explained
The clue "Stripping off uniform, love holding colonel's coat" leads us to the answer UNCLOTHING.
- Uniform: Refers to the phonetic alphabet where "U" stands for "Uniform".
- Love: Represents the letter "O" (often used in tennis scoring).
- Colonel's coat: Refers to the word "C" (the abbreviation for Colonel) as the initial letter or "coat".
Putting it together:
- The structure is formed by "U" (uniform) + "N" + "C" (colonel) + "LO" (holding love) + "THING".
- This results in the spelling: "U" + "N" + "C" + "LO" + "THING" = "UNCLOTHING".
Thus, the answer is confirmed as:
UNCLOTHING
What does UNCLOTHING mean?
UNCLOTHING verb- To strip of clothes or covering; to make naked.