Chaps in rags (4)
I believe the answer is:
guys
I believe this clue is a double definition.
'chaps' is the first definition.
(both can mean men)
'rags' is the second definition.
(both can mean to mock)
'in' acts as a link.
(Other definitions for guys that I've seen before include "Blokes" , "Makes fun of < hospital" , "Men; ropes" , "people generally" , "Burn victims" .)