Cryptic crossword clue
Wag drilled holes, we’re told, in this box material 9

The most common and most likely answer to this crossword clue is the 9 letter word CARDBOARD

I've seen this crossword clue in The Daily Telegraph
C
A
R
D
B
O
A
R
D

Buddy explains!

The straight part
We know that "box material" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case box material = cardboard.
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 CARDBOARD mean?

CARDBOARD noun
  1. A wood-based material resembling heavy paper, used in the manufacture of boxes, cartons and signs.
CARDBOARD adjective
  1. Made of or resembling cardboard; flat or flavorless.

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