Crossword Genius

Bring a spanner back with the booty (4)

Ross

I believe the answer is:

loot

I'm a little stuck... Click here to teach me more about this clue!

'booty' is the definition.
(I know that booty can be written as loot)

'bring a spanner back with the' is the wordplay.
'bring a spanner back' becomes 'loo' (I can't justify this - if you can you should give a lot more credence to this answer).
'with' means one lot of letters go next to another.
'the' becomes 't' (the is pronounced as a 't' sound in some dialects).
'loo'+'t'='LOOT'

Can you help me to learn more?

(Other definitions for loot that I've seen before include "Orton play; ill-gotten gains" , "Haul" , "Pillage; money" , "Prize" , "Burglar's takings - pillage" .)

I've seen this clue in the Sydney Morning Herald.
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