Crossword Genius

Pickpocket's account of a fool (8)

Ross

I believe the answer is:

dipstick

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'a fool' is the definition.
(I've seen this before)

'pickpocket's account' is the wordplay.
'pickpocket's' becomes 'dip's' ('dip' can be a synonym of 'pickpocket').
'account' becomes 'tick' (I am not sure about this - if you are sure you should believe this answer much more).
'dips'+'tick'='DIPSTICK'

'of' is the link.

Can you help me to learn more?

(Other definitions for dipstick that I've seen before include "Wally" , "Oil gauge" , "Device for checking oil level" , "Engine oil measurer" , "Rod for measuring depth of liquid contents" .)

I've seen this clue in The Independent.
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