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“Squandered” has a sad sound to it (4)

Ross

I believe the answer is:

blew

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'squandered' is the definition.
('blow' can be a synonym of 'squander')

I don't understand how the remainder of the clue works.

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(Other definitions for blew that I've seen before include "Tooted" , "Squander in the past" , "Gusted" , "Sounded (a whistle)" , "Bungled (an opportunity)" .)

I've seen this clue in the Evening Standard.
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