GNU Collaborative International Dictionary of English
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Found one definition
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fairy tale n.
1. 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.
[PJC]
2. a false story intended to deceive or mislead, especially one involving unlikely events or situations; called also a fairy story.
[PJC]