The short answer is this: it depends.
The left end is shadows/dark and the right end is highlights/light. If it trails off either end, then you are clipping some shadows or highlights, depending. But that isn't always a bad thing. Generally, if all the data is at the left, the picture will be dark and if at the other end, then it will be lighter. But again, it depends what you are photographing. If any part of the picture contains some dark hole or deep shadow, even a tiny one, then you will see clipping in the shadow end or if there is glare you will probably see some apparent clipping in the highlights.
I believe as a general rule, you want your histogram data to be more to the right, but not clipping. But, again, it depends on the subject matter.