The most common and most likely answer to this crossword clue is the 5 plus 3 letter word PLACE MAT
I've seen this crossword clue in Financial Times
P
L
A
C
E
M
A
T
More clues leading to the result PLACE MAT
Buddy explains!

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.