Chevy, but that partnership soon dissolved. He continued to remain involved as a part-owner, when he leased his shop to Bang! Racing in the Craftsman Truck Series in 2004. He began 2004 with Ultra's Cup team at the Daytona 500, but when the team closed down due to a lack of sponsorship, he replaced Kevin Lepage at Morgan-McClure Motorsports, which had also been running unsponsored. Spencer's best finish that season had been 17th at Dover after gaining sponsors in Featherlite Trailers and Lucas Oil, when on October 25, he was arrested after trying to interfere with the police, who had a warrant to arrest his son for vandalism. The incident cost Spencer his job at Morgan-McClure, and he sat out the rest of 2004. Spencer returned to the No. 2 Ultra truck in 2005. While he failed to win a race, he had nine top-10 finishes and finished 12th in points. He came close to a victory, however, in the season opener at Daytona. He held the lead late in the race and held off 2004 series champion Bobby Hamilton until just before the caution came out on the last lap. Assuming he was in the lead when NASCAR froze the field, he completed the caution lap then pulled into victory lane, only to be told by an official that, in fact, he had finished second. He also ran part-time in Cup, running nine races in the No. 50 Arnold Motorsports Dodge, and one race apiece for Peak Fitness Racing and R&J Racing. When Arnold was unable to locate a sponsor and Ultra closed its doors following a fallout with the Ford Motor Company, Spencer began working full-time on the Speed TV network. He had run both Cup races at Pocono Raceway for Furniture Row Racing in 2006, finishing 32nd and 36th, respectively. Spencer then worked full-time as an analyst for SPEED TV on NASCAR RaceDay, NASCAR Victory Lane and eventually was the host of his own show What's The Deal?, along with Ray Dunlap in 2010. The show was canceled the same year. His segments on the Tuesday and Thursday editions of NASCAR Race Hub were done from the studio of that show. In his television commentary, Spencer talked about the NASCAR highlights while he often feigning sobs with his gag called "The Crying Towel", for which a driver gets the crying towel and a fake cigar if they