The most common and most likely answer to this crossword clue is the 4 letter word SWAG
I've seen this crossword clue in The Daily Telegraph
S
W
A
G
More clues leading to the result SWAG
- Son an amusing character spoils
- Store's premier card for hot goods
- Chews over new leaves — hot stuff?
- Haul of southwest silver?
- Wife involved in fall – there’s some stuff stolen
- Spoils wife impressed by sink
- With energy fully extracted, piped waste spoils
- Money stolen — part of workers’ wage-packets
- Second comic’s loot
- Decline to accept wife’s hot stuff?
Buddy explains!

The straight part
We know that "loot" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case loot = swag.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does SWAG mean?
SWAG noun- (window coverings) A loop of draped fabric.
- A low point or depression in land; especially, a place where water collects.
- To (cause to) sway.
- To droop; to sag.
- To decorate (something) with loops of draped fabric.
- To install (a ceiling fan or light fixture) by means of a long cord running from the ceiling to an outlet, and suspended by hooks or similar.
- Style; fashionable appearance or manner.
- (thieves' cant) A shop and its goods; any quantity of goods.
- (thieves' cant) Stolen goods; the booty of a burglar or thief; boodle.
- Handouts, freebies, or giveaways, such as those handed out at conventions.
- The possessions of a bushman or itinerant worker, tied up in a blanket and carried over the shoulder, sometimes attached to a stick.
- (by extension) A small single-person tent, usually foldable into an integral backpack.
- A large quantity (of something).
- To travel on foot carrying a swag (possessions tied in a blanket).
- To transport stolen goods.
- Initialism of scientific/speculative/sophisticated/stupid wild-ass guess.
- (window coverings) A loop of draped fabric.
- A low point or depression in land; especially, a place where water collects.
- Style; fashionable appearance or manner.
- (thieves' cant) A shop and its goods; any quantity of goods.
- (thieves' cant) Stolen goods; the booty of a burglar or thief; boodle.
- Handouts, freebies, or giveaways, such as those handed out at conventions.
- The possessions of a bushman or itinerant worker, tied up in a blanket and carried over the shoulder, sometimes attached to a stick.
- (by extension) A small single-person tent, usually foldable into an integral backpack.
- A large quantity (of something).