The correct spelling of the word "wast hyper" is "waste paper". In IPA phonetic transcription, it sounds like /weɪst ˈpeɪpər/. The word "waste" is pronounced with a long "a" sound and the "e" at the end is silent. The word "paper" is pronounced with a long "a" sound as well, followed by a silent "e" and a short "u" sound in the middle. The term "waste paper" refers to paper that has been thrown away and is no longer useful.