IPA: /ɪrˈrɪpleɪbəl/
KK: /ɪrˈrɪpleɪsəbl/
Something that cannot be replaced or substituted because it is unique or valuable.
The family heirloom is irreplaceable and holds great sentimental value.
Irreplaceable → It is formed from "in-" (meaning not) and "replace" (from Latin "replacere", meaning to place again) and "-able" (meaning capable of). The word "irreplaceable" means not capable of being placed again or unable to be replaced.
Think of something that cannot be 'placed again' ('replace') and is 'not' ('in-') capable of being replaced — that's what makes it irreplaceable.