Static electricity involves the transfer of electrons between atoms, resulting in the formation of positively and negatively charged ions. However, this process does not lead to ionic bonding because ionic bonds require a stable arrangement where oppositely charged ions attract each other in a structured lattice. In the case of static electricity, the charges are transient and do not remain in close proximity long enough to form stable ionic bonds. The lack of a continuous interaction between the ions prevents the formation of a stable ionic compound, as the charges dissipate quickly and do not maintain the necessary conditions for bonding.