The spelling of "PEETE" is not common, but it can be easily explained using the International Phonetic Alphabet (IPA). The word is pronounced as /piːt/, with a long "ee" sound and a silent "e" at the end. This could lead one to spell it as "P-E-E-T", but the addition of the "e" at the end is likely for aesthetic purposes. It is important to note, however, that this spelling could vary depending on regional dialects or personal preference.