Very bad indeed (7)
I believe the answer is:
abysmal
'very bad indeed' is the definition.
(I've seen this before)
This is the entire clue.
(Other definitions for abysmal that I've seen before include "Pathetic" , "Shockingly bad" , "Extremely bad - lamb, say (anag)" , "Extreme and deplorable, perhaps ignorance" , "Deep, immeasurable" .)