Butcher's cut bearing wide bandage (7)
I believe the answer is:
swaddle
'bandage' is the definition.
(I've seen this in another clue)
'butcher's cut bearing wide' is the wordplay.
'butcher's cut' becomes 'saddle' (I've seen this before).
'bearing' indicates putting letters inside.
'wide' becomes 'w' (abbreviation e.g. in cricket).
'saddle' placed around 'w' is 'SWADDLE'.
(Other definitions for swaddle that I've seen before include "Fully cover" , "Wind bandages round" , "Bandage - wrap (baby) tightly" , "Bind tight with clothes" , "Wrap in cloth" .)