The most common and most likely answer to this crossword clue is the 10 letter word VILLAINOUS
I've seen this crossword clue in The Times
V
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A
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More clues leading to the result VILLAINOUS
Buddy explains!

The straight part
We know that "Very bad" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case very bad = villainous.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 VILLAINOUS mean?
VILLAINOUS adjective- Of, relating to, or appropriate to a villain.
- Wicked, offensive, or reprehensible in nature or behaviour; nefarious.