The spelling of the word "Haily" is actually incorrect. The correct spelling is "Haley," pronounced /ˈheɪli/. The IPA phonetic transcription shows that the first sound is an open-mid front unrounded vowel /eɪ/, followed by the liquid consonant /l/ and ending with the short vowel /i/. It is important to pay attention to the correct spelling and pronunciation of words to ensure effective communication and avoid confusion.