Peer right inside large foreign hollowed-out entity (4,4)
I believe the answer is:
earl grey
'peer' is the definition.
I know nothing about this answer so I can't judge whether this works.
'right inside large foreign hollowed-out entity' is the wordplay.
'right' becomes 'r' (common abbreviation).
'inside' means one lot of letters goes inside another.
'foreign' indicates anagramming the letters (foreign order of the letters).
'hollowed out' says to hollow out the word (remove centre letters).
'entity' with its middle removed is 'ey'.
'large' is an anagram of 'earlg'.
'earlg'+'ey'='earlgey'
'r' placed inside 'earlgey' is 'EARL GREY'.
Can you help me to learn more?
(Other definitions for earl grey that I've seen before include "Variety of tea flavoured with bergamot" , "leaves a lot to be desired?" , "Flavoured kind of tea" , "leaves much to be desired?" , "Drunk leaves" .)