Meanings
From pray (“ask (politely)”) + tell (“explain”).
How to pronounce "pray tell":
AU
Please explain (something the requester does not yet understand).
Example: "Pray tell us, how will they fare while you are away?"
Expressing incredulity, please explain (some claim or position the speaker doubts).
Example: "But how, pray tell, do you "notice" something that happens when you're asleep?"