The most common and most likely answer to this crossword clue is the 4 plus 7 letter word BELL BOTTOMS
I've seen this crossword clue in The Daily Telegraph
B
E
L
L
B
O
T
T
O
M
S
Buddy explains!
The straight part
We know that "Trousers" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case trousers = bell bottoms.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 BELL BOTTOMS mean?
BELL BOTTOMS noun- Pants that are flared from the knee downwards, a characteristic style of the 1970s.