The spelling of the word "grace hoop" can be explained using IPA phonetic transcription. "Grace" is pronounced as /ɡreɪs/, with the "a" being pronounced as a long "a". "Hoop" is pronounced as /huːp/, with the "oo" being pronounced as a long "o" sound. The combination of these two words creates a phrase that is commonly used in the sport of basketball to describe a player's elegant movements on the court. It is important to note that proper spelling and enunciation of words is crucial in communication and understanding.