The correct spelling of the phrase "wast of no avail" is actually "waste of no avail." In IPA phonetic transcription, it is /weɪst əv noʊ əˈveɪl/. The word "waste" has a long "a" sound as in "way," while "of" is pronounced as /əv/. "No" is pronounced as /noʊ/ with a long "o" sound. "Avail" has stress on the second syllable and is pronounced as /əˈveɪl/. Correct spelling and pronunciation are important for clear communication.