Cryptic crossword clue
Vagrant so cold, he being taught a lesson 8

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

I've seen this crossword clue in Financial Times
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Buddy explains!

The straight part
We know that "being taught a lesson" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case being taught a lesson = schooled.
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 SCHOOLED mean?

SCHOOLED verb
  1. (of fish) To form into, or travel in a school.
SCHOOLED verb
  1. To educate, teach, or train (often, but not necessarily, in a school).
  2. To defeat emphatically, to teach an opponent a harsh lesson.
  3. To control, or compose, one's expression.

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