Points to the big S in "gifts" (8)
I believe the answer is:
largesse
'gifts' is the definition.
(I've seen this in another clue)
'points to the big s' is the wordplay.
I cannot quite understand how this works, but
'points' could be 'ess' (east and south are compass points) and 'ess' is located in the answer.
'big' could be 'large' (synonyms) and 'large' is present in the answer.
This accounts for all the letters.
This may be the basis of the clue (or it may be nonsense).
'in' acts as a link.
Can you help me to learn more?
(Other definitions for largesse that I've seen before include "Magnanimity, munificence" , "charity" , "Money or gifts generously given" , "Generous disposal of gifts" , "Generous offering" .)