Spectator's informal greeting overheard (7)
I believe the answer is:
watcher
'spectator's' is the definition.
(thesaurus)
I cannot understand how the rest of the clue works.
Can you help me to learn more?
(Other definitions for watcher that I've seen before include "Big Brother?" , "Alert observer" , "I observe" , "One who observes" , "Onlooker" .)