Anything finished? Little following delay, oddly (6-5)

'anything' is the definition.
I know nothing about this answer so I cannot tell whether this works.

'finished? little following delay oddly' is the wordplay.
'finished?' becomes 'did' (do can mean to complete or finish).
'little' becomes 'squat' (I can't justify this - if you can you should give a lot more credence to this answer).
'following' means one lot of letters go next to another.
'oddly' indicates alternate letters (letters in the odd-numbered positions are used).
The alternating letters of 'delay' are 'dly'.
'squat' put after 'dly' is 'dlysquat'.
'did'+'dlysquat'='DIDDLY-SQUAT'

Can you help me to learn more?