Fine underwear, low at the rear (4)
I believe the answer is:
braw
'fine' is the definition.
(synonyms)
'underwear low at the rear' is the wordplay.
'underwear' becomes 'bra' (bra is a type of undergarment).
'at the rear' suggests the final letters.
The last letter of 'low' is 'w'.
'bra'+'w'='BRAW'
(Another definition for braw that I've seen is " Fine (for the Scots)".)
I've seen this clue in The Sunday Times and The Times.
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