Fancy lagers extremely suitable as gifts (8)
I believe the answer is:
largesse
'gifts' is the definition.
(I've seen this in another clue)
'fancy lagers extremely suitable' is the wordplay.
'fancy' indicates anagramming the letters.
'extremely' means to remove the middle letters (letters on the extremes of the word are used).
'suitable' with its centre removed is 'se'.
'lagers' with letters rearranged gives 'larges'.
'larges'+'se'='LARGESSE'
'as' is the link.
(Other definitions for largesse that I've seen before include "Generous offering" , "Generosity in bestowing gifts" , "Magnanimity, munificence" , "Generous giving" , "charity" .)