The correct spelling of the phrase "are life party" is actually "our life party." The word "our" is pronounced as /aʊr/, which is a diphthong sound made up of the vowels /a/ and /ʊ/. This can sometimes be confusing to spell because the sound does not match how it is written. However, it is important to use correct spelling in written communication to avoid confusion and ensure clear understanding. In this case, using the correct spelling would make the phrase make much more sense.