Hot stone cracked around lake (6)
I believe the answer is:
stolen
'hot' is the definition.
(eg stolen goods are 'hot')
'stone cracked around lake' is the wordplay.
'cracked' is an anagram indicator.
'around' means one lot of letters goes inside another.
'lake' becomes 'L' (geographical abbreviation).
'stone' with letters rearranged gives 'stoen'.
'stoen' going around 'l' is 'STOLEN'.
(Other definitions for stolen that I've seen before include "Taken without permission or payment" , "Pinched" , "Robbed" , "Snatched" , "Purloined in Solent" .)