### Clue: Reverend's ultimate parting gift, setters' youthful education of old (5,4)
### Answer: GRAND TOUR 
 ### Explanation: Definition: youthful education of old
 **Last letter of**(…'s ultimate) "Reverend " **contained in**(… parting) GRANT(a gift) + OUR(setters' self-referential possessive pronoun).
Answer: An extended tour of continental Europe, formerly considered a finishing course in the education of young men of the upper class.