The spelling of the word "blist" can be confusing due to the variety of sounds that can be represented by the letters "li." In this case, the IPA phonetic transcription of the word is /blɪst/. The "b" represents the voiced bilabial plosive sound, while the "l" represents the voiced alveolar lateral approximant. The "i" is pronounced as a short "ih" vowel, represented by the schwa symbol, and the "st" represents the voiceless alveolar affricate. Overall, the spelling of "blist" accurately reflects its pronunciation.