The correct spelling of the word is "mullet", which is pronounced /ˈmʌl.ɪt/. The word derives from the Latin term "mulletus", which referred to a type of fish with a similar appearance to the distinctive hairstyle. The word entered English in the 16th century, and has since become a popular hairstyle among many cultures. The spelling "mollett" is incorrect, as it adds an extra letter not present in the original Latin or English spelling.