Possible Clues:

• Last award?
• Jeer young chap heartlessly for getting award of wooden spoon
• Jeer Times reporter's open presentation that's made to last
• ... bird spoils wooden spoon
• Alongside particular short, drink bottles as reward for failure
• Award one fails to win
• Show disgust for Times report of peers getting reward for failure
• Idiot on top with something for bottom
• Drink round through rip-off: it goes to the last
• *The worst player wins it