Fools with second edition being judged (8)
I believe the answer is:
assessed
'being judged' is the definition.
(I've seen this in another clue)
'fools with second edition' is the wordplay.
'fools' becomes 'asses' (ass can mean a foolish person).
'with' is a charade indicator (letters next to each other).
'second' becomes 's' (common abbreviation).
'edition' becomes 'ed'.
'asses'+'s'+'ed'='ASSESSED'
(Other definitions for assessed that I've seen before include "Estimated" , "Evaluated" , "Appraised" , "reviewed" , "Judged the worth of something" .)