The spelling of the word "were fiasco" is interesting. It is pronounced as /wɛr fiˈæskoʊ/ in IPA transcription. The word "were" is a past tense form of the verb "to be" and is pronounced with the /w/ sound followed by the vowel sound /ɛr/. The word "fiasco" is pronounced with the /f/ sound, followed by the vowel sound /i/, and then the /æ/ sound. Together, these two words form a phrase that refers to a serious failure or disaster that has occurred in the past.