Stepped another way around old pothole? (4,4)

I believe the answer is:

deep spot

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'pothole?' is the definition.
I know nothing about this answer so I can't tell whether this works.

'stepped another way around old' is the wordplay.
'another way' indicates anagramming the letters.
'around' indicates putting letters inside.
'old' becomes 'o' (abbreviation).
'stepped' anagrammed gives 'deepspt'.
'deepspt' going around 'o' is 'DEEP SPOT'.

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