Cryptic crossword clue
Ye Olde Festive Brew, kept under Yard’s lock and key 4

The most common and most likely answer to this crossword clue is the 4 letter word YALE

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Buddy explains!

The straight part
We know that "lock and key (" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case lock and key ( = yale.
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 YALE mean?

YALE noun
  1. A mythical beast in European mythology and heraldry, usually portrayed as an antelope- or goat-like four-legged creature with large horns that it can swivel in any direction.

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