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Wooden spoon, wooden foot and soft tatting (4-5)

Ross

I believe the answer is:

last-place

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

'wooden spoon wooden' is the definition.
I can't judge whether this definition defines the answer.

'foot and soft tatting' is the wordplay.
'foot' becomes 'last' (I can't explain this - if you can you should believe this answer much more).
'and' is a charade indicator (letters next to each other).
'soft' becomes 'p' (musical abbreviation for piano, 'soft').
'tatting' becomes 'lace' (I've seen this in another clue).
'last'+'p'+'lace'='LAST-PLACE'

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