What does the cryptic crossword clue "Wise guys' initial gathering around chimney (10)" mean?

The definition is "Wise guys'". The wordplay uses anagram, charade. anagram of INITIAL ("initial") + LUM (synonym of "chimney") [anagram: "gathering"] = ILLUMINATI; definition: "Wise guys'" The answer is ILLUMINATI.

Wise guys' initial gathering around chimney (10)

Guardian Cryptic #29023 | 9 Across | 2023-03-21 flower

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