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- An archaic spelling of there or their, outdated and now only used by Grammar Nazis, English teachers, and people with more than one brain cell.
"They're" originally spawned as a contraction of they are. Theyre is a contraction of "they're", and there is a contraction of "theyre". Of course Y's and words ending in E are Olde English, so "theyre" can also be modernized into their.