What is the best method for repairing a hole in a wall using sheetrock spackle?

To repair a hole in a wall using sheetrock spackle, first clean the area around the hole. Apply spackle to fill the hole, smooth it out with a putty knife, and let it dry. Sand the area, apply a second coat if needed, and sand again for a smooth finish. Paint over the repaired area to match the wall.