The spelling of the phrase "am life party" can be broken down phonetically using the International Phonetic Alphabet (IPA). The first word, "am", is spelled /æm/, with the vowel sound represented by the symbol /æ/ as in "cat". The second word, "life", is spelled /laɪf/, with the vowel sound represented by the symbol /aɪ/ as in "eye". The final word, "party", is spelled /ˈpɑrti/, with the vowel sound represented by the symbol /ɑ/ as in "father". Together, these phonetic spellings create the words "am life party".