The correct spelling of "wast gracious" is actually "wert gracious." The reason for the confusion is the archaic form of the verb "to be" used in older English literature. The correct IPA transcription for "wert gracious" is /wərt ˈɡreɪʃəs/. The "ə" represents the schwa sound, while the stress is on the second syllable. It's important to understand the history and evolution of language in order to improve one's pronunciation and spelling skills.
The phrase "wast gracious" is not a single word but a combination of "wast" and "gracious".
The word "wast" is the second person singular past tense of the verb "to be" in Early Modern English. It means "you were" or "thou wast" in archaic language.
The word "gracious" comes from the Old French word "gracious", which means "full of grace" or "kind". It ultimately traces back to the Latin word "gratia", meaning "favor" or "kindness".
Together, "wast gracious" would imply that someone was kind, gracious, or full of grace in the past, as expressed through the archaic verb conjugation.