The crossword solution for the term 'Looney Toon' is TAZ, which stands for the character Tazmanian Devil from the Looney Tunes cartoons. The Tazmanian Devil is a fictional cartoon character created by Warner Bros. Animation in 1954. He is known for his wild and destructive behavior, as well as his catchphrase 'THAT's all folks!' He is one of the most popular characters from the Looney Tunes franchise.