The most common and most likely answer to this crossword clue is the 7 letter word PUKEKOS
P
U
K
E
K
O
S
Buddy explains!

The straight part
We know that "Waders" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case waders = pukekos.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 PUKEKOS mean?
PUKEKOS noun- Purple swamphen