The spelling of the word "caballers" is derived from the Spanish word "caballero" meaning "gentleman" or "knight", and is the plural form of "caballer". The IPA phonetic transcription for this word is /kəˈbælərz/ where the stress falls on the second syllable. It is important to note that the double "l" in the Spanish language is pronounced as a "y" sound. Therefore, the correct pronunciation of "caballers" is kuh-BAL-yers.