Cryptic crossword clue
Trackwear or something more formal? 8

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

I've seen this crossword clue in Financial Times
T
A
I
L
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T

Buddy explains!

The straight part
We know that "something more formal" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case something more formal = tailcoat.
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 TAILCOAT mean?

TAILCOAT noun
  1. A formal evening jacket with an extended back panel; a dress coat.
  2. Any coat with similar tails.

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