The correct spelling of the phrase "by no means" is often mistaken for "bied no means" due to its pronunciation. The phonetic transcription of the phrase is /baɪ nəʊ miːnz/, which can sound like "bied" instead of "by". The correct spelling uses the word "by", indicating "not at all" or "in no way", whereas "bied" has no meaning in English. It's essential to pay attention to the spelling of commonly mispronounced phrases to avoid confusion and maintain clear communication.