The most common and most likely answer to this crossword clue is the 5 letter word HOBOS
I've seen this crossword clue in Independent
H
O
B
O
S
More clues leading to the result HOBOS
Buddy explains!
The straight part
We know that "The homeless" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case the homeless = hobos.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 HOBOS mean?
HOBOS noun- A wandering homeless person, especially one illegally travelling by rail or a penniless, unemployed bum.
- Any migratory laborer, whether homeless or not.
- A kind of large handbag.