Vulgar fellows start telling a low story (8)

I believe the answer is:

basement

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

'a low story' is the definition.
'basement' can be an answer for 'story' (basement is a kind of story). I'm unsure of the 'a low' bit.

'vulgar fellows start telling' is the wordplay.
'vulgar' becomes 'base' (base can mean vulgar or crude).
'fellows' becomes 'men' (fellow can mean a man).
'start' says to take the initial letters.
The initial letter of 'telling' is 't'.
'base'+'men'+'t'='BASEMENT'

Can you help me to learn more?

(Other definitions for basement that I've seen before include "Floor below ground level" , "space below stairs" , "Bottom floor" , "Man beset in bottom of house" , "Underground room" .)

I've seen this clue in The Globe and Mail.

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