See wife split pants (3-4)

I believe the answer is:

low-rent

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'pants' is the definition.
I don't know anything about this answer so I can't judge whether this works.

'see wife split' is the wordplay.
'see' becomes 'lo' (archaic exclamation meaning 'look!').
'wife' becomes 'w' (abbreviation).
'split' becomes 'rent' (past tense of 'rend' meaning to split).
'lo'+'w'+'rent'='LOW-RENT'

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I've seen this clue in The Times.

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