The correct spelling of the phrase "stood take it" is /stʊd ˈteɪk ɪt/. The first word, "stood", is spelled with a double "o", despite being pronounced with a short "u" sound. This is due to its origin from the Old English word "standan". The second word, "take", is spelled with the silent "e". This is to indicate that the preceding "a" should be pronounced as a long vowel. Lastly, "it" is spelled as pronounced, with a short "i" sound and a silent "e".