The spelling of the word "punkey" can be explained using the International Phonetic Alphabet (IPA) as /ˈpʌŋ ki/. The first sound, /p/, is a voiceless bilabial stop. The second sound, /ʌ/, is a mid-central vowel. The third sound, /ŋ/, is a velar nasal. Lastly, the fourth sound, /k/, is a voiceless velar stop. Together, these sounds make up the unique and phonetically accurate spelling of the word "punkey".