The Collaborative International Dictionary
fairy story
fairy tale \fairy tale\ n.
a story about magical or mythological creatures, such as fairies, elves, goblins, trolls, orcs, unicorns, wizards, dragons, etc., usually composed for the amusement of children; called also a fairy story.
a false story intended to deceive or mislead, especially one involving unlikely events or situations; called also a fairy story.
WordNet
fairy story
n. a story about fairies; told to amuse children [syn: fairytale, fairy tale]
an interesting but highly implausible story; often told as an excuse [syn: fairytale, fairy tale, cock-and-bull story, song and dance]