Finally bitten by a bloodsucking fly, being bald (5)

I believe the answer is:

naked

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'bald' is the definition.
(thesaurus)

'finally bitten by a bloodsucking fly' is the wordplay.
'finally' says to take the final letters.
'by' means one lot of letters go next to another.
'bloodsucking fly' becomes 'ked' (type of insect. I am not sure about the 'bloodsucking' bit.**).
The last letter of 'bitten' is 'n'.
'n'+'a'+'ked'='NAKED'

'being' acts as a link.

Can you help me to learn more?

(Other definitions for naked that I've seen before include "Completely unclothed" , "Bare" , "In the altogether" , "Defenceless" , "Without protection" .)

I've seen this clue in The Times.

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