The spelling of the phrase "bits bullet" may seem confusing at first, but it can be easily explained using IPA phonetic transcription. The first word, "bits," is pronounced as /bɪts/, with a short i sound and a soft s. The second word, "bullet," is pronounced as /ˈbʊlɪt/, with a short u sound and a hard t. Together, the phrase is pronounced as /bɪts ˈbʊlɪt/. The spelling of each word accurately reflects its pronunciation, making it easy to decode and understand.