The most common and most likely answer to this crossword clue is the 7 letter word LANOLIN
I've seen this crossword clue in The Daily Telegraph
L
A
N
O
L
I
N
More clues leading to the result LANOLIN
- Nothing covering animal’s coat? The reverse of that
- Laughing out loud about article in woolly extract
- Fatty substance natural ovine sources supply in all cases
- Ointment ingredient agitated loin to right of large one
- Tips of nectarine and orange, all cooking in fat
- Large female eating a mixture of oil and
- Top actors Rickman and Firth getting fat
- Fat left a stain finally on jazzy lino
- Wool product‘s given zero returns after loan goes bad
- Wool extract delivered by road or rail after docking
Buddy explains!

The straight part
We know that "Wool product" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case wool product = lanolin.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 LANOLIN mean?
LANOLIN noun- A greasy yellow substance chemically akin to wax that is secreted from wooly animals, with a variety of uses from rust prevention, lubrication and waterproofing to cosmetics and skin ointments.