The word "eyott" refers to a small island. The correct spelling of this word is actually "ait", pronounced as /eɪt/. The spelling of this word can be confusing as it is endonym for the Shetland Islands. In phonetic transcription, the sound /eɪ/ stands for the long "a" sound, and /t/ for the "t" sound. It is important to use the correct spelling and pronunciation of words to avoid confusion and ensure effective communication.