IPA: /ˈwʊlˌpæk/
KK: /ˈwulˌpæk/
A large bag or pack made of strong fabric used to hold and transport wool, typically weighing around two hundred and forty pounds.
The farmer filled the woolpack with freshly sheared wool for shipping.
Woolpack → The word is formed from "wool" (from Old English *wull*, meaning the soft, curly hair of sheep) and "pack" (from Old French *pacquer*, meaning to pack or bundle). A woolpack refers to a bundle or package of wool.
Think of the soft hair of sheep ('wool') being bundled together ('pack') — that's what a woolpack is.
No commonly confused words.