There's point in clothes for dandies (5)
I believe the answer is:
dudes
'for dandies' is the definition.
('dude' can be a synonym of 'dandy')
'there's point in clothes' is the wordplay.
'there's point' becomes 'e' (I can't explain this - if you can you should believe this answer much more).
'in' is an insertion indicator.
'clothes' becomes 'duds' (duds is a kind of clothes).
'e' put into 'duds' is 'DUDES'.
Can you help me to learn more?
(Other definitions for dudes that I've seen before include "American dandies or city dwellers" , "American blokes" , "Civilians, to a cowboy" .)