The spelling of the word "horkey" is quite confusing, but it can be explained with the help of IPA phonetic transcription. The correct spelling of "horkey" should actually be "hocky", which is pronounced /ˈhɒki/. The "r" in "horkey" is not pronounced in standard English, and the spelling is likely a result of regional or colloquial variations. It is important to understand proper spelling and pronunciation for effective communication in written and spoken language.