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The Collaborative International Dictionary
Fabulizing

Fabulize \Fab"u*lize\, v. i. [imp. & p. p. Fabulized; p. pr. & vb. n. Fabulizing.] [Cf. F. fabuliser. See Fable.] To invent, compose, or relate fables or fictions.
--G. S. Faber.

Wiktionary
fabulizing

vb. (present participle of fabulize English)