The spelling of the word "CPEIPE" may seem confusing at first glance, but it can be explained through IPA phonetic transcription. The pronunciation of the word is /səˈpiːp/. The initial "C" is pronounced as /s/ and the following "P" is pronounced as /p/, creating the "sp" sound. The next two letters "EI" are pronounced as /iː/, creating a long "e" sound. Finally, the last two letters "PE" are pronounced as /p/, creating the "p" sound again. Therefore, the spelling of the word "CPEIPE" accurately represents its pronunciation.