The most common and most likely answer to this crossword clue is the 5 letter word SAWED
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More clues leading to the result SAWED
Buddy explains!

The straight part
We know that "cut" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case cut = sawed.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 SAWED mean?
SAWED verb- To cut (something) with a saw.
- To make a motion back and forth similar to cutting something with a saw.
- To be cut with a saw.
- To form or produce (something) by cutting with a saw.