What does the cryptic crossword clue "Underwear 12.5% off – no good hanging around (9)" mean?

This cryptic clue uses wordplay to arrive at the answer. Visit the page for progressive hints — definition, wordplay type, and a full step-by-step explanation.

Underwear 12.5% off – no good hanging around (9)

Guardian Cryptic #29856 | 9 Across | 2025-11-19 flower

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