The spelling of "faces up it" can be explained using the IPA phonetic transcription. The word "faces" is pronounced /ˈfeɪsɪz/, with the "s" sound at the end being pronounced as a "z" due to the rule of voicing. "Up" is pronounced /ʌp/, with the "u" sound being short and stressed. "It" is pronounced /ɪt/, with the "i" sound being short and unstressed. Therefore, the correct spelling of the word would be "faces up it" with no changes needed in the spelling.