The term 'Small Red Beetle with Black Spots' can be summarized as a LADYBIRD, which is an 8-letter word. Ladybirds are small, round beetles that are usually red or orange in color and have black spots on their wings. They are found all over the world and are considered to be beneficial insects because they feed on aphids and other pests. Ladybirds are also known for their bright colors and cheerful appearance.