Hides half of Jacob's smokes (8)
I believe the answer is:
obscures
'hides' is the definition.
(obscuring is a kind of hiding)
'half of jacob's smokes' is the wordplay.
'half of' suggests halving the letters.
'smokes' becomes 'cures' (I am not sure about this - if you are sure you should believe this answer much more).
'jacobs' with half the letters taken is 'obs'.
'obs'+'cures'='OBSCURES'
Can you help me to learn more?
(Other definitions for obscures that I've seen before include "shrouds" , "Covers, darkens" .)