The correct spelling of the phrase "wast nearby" is actually "wasn't nearby." The word "wasn't" is a contraction of "was not" and is pronounced /ˈwɑzənt/ in IPA phonetics. The incorrect spelling may have occurred due to a misspelling or mishearing of the word "wasn't" or a lack of familiarity with contractions. It is important to use correct spelling and grammar in written and spoken communication to ensure clear understanding and effective communication.