The most common and most likely answer to this crossword clue is the 13 letter word FIRST-FOOTING
I've seen this crossword clue in Independent
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Buddy explains!
The straight part
We know that "an annual tradition" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case an annual tradition = first-footing.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 FIRST-FOOTING mean?
FIRST-FOOTING noun- The practice, during Hogmanay, of visiting friends and family, especially to be the first person to cross a home's threshold after midnight on New Year's Eve bearing a small gift.