Cryptic crossword clue
Watch, perhaps, woman with shift in a blue 8

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

I've seen this crossword clue in The Daily Telegraph
V
A
L
U
A
B
L
E

Buddy explains!

The straight part
We know that "Watch, perhaps" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case watch, perhaps = valuable.
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 VALUABLE mean?

VALUABLE noun
  1. A personal possession such as jewellery, of relatively great monetary value; — usually used in plural form.
VALUABLE adjective
  1. Having a great value.
  2. Estimable; deserving esteem.

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