The word "wheelfire" is spelled as /wiːlfʌɪər/. It is a compound word made up of two words, "wheel" and "fire". The IPA phonetic transcription helps to explain the pronunciation of each sound in the word. The "w" is pronounced as /w/, the "ee" as /iː/, the "l" as /l/, the "f" as /f/, the "ai" as /ʌɪ/, and the "r" as /ər/. Together, these sounds form the unique and distinct pronunciation of "wheelfire".