[1] : The Collaborative International Dictionary of English v.0.48

fairy tale \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
see also:
fairy story 

[2] : WordNet (r) 2.0

fairy story
     n 1: a story about fairies; told to amuse children syn: fairytale,
           fairy tale
     2: an interesting but highly implausible story; often told as
        an excuse syn: fairytale, fairy tale, cock-and-bull
        story, song and dance
see also:
fairytale fairy tale cock-and-bull story song and dance 

Story >> S Words
Story, definition of term: Story
story_pag1.html

Fairy >> F Words
Fairy, definition of term: Fairy
fairy_pag1.html

Fairy Ring >> F Words
Fairy Ring, definition of term: Fairy Ring
fairy+ring_pag1.html

Short Story >> S Words
Short Story, definition of term: Short Story
short+story_pag1.html

Fish Story >> F Words
Fish Story, definition of term: Fish Story
fish+story_pag1.html

Life Story >> L Words
Life Story, definition of term: Life Story
life+story_pag1.html