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Meaning of fairy tale

fair'y tale"

Pronunciation: [key]
  1. a story, usually for children, about elves, hobgoblins, dragons, fairies, or other magical creatures.
  2. an incredible or misleading statement, account, or belief:Also called His story of being a millionaire is just a fairy tale.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
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