Meaning of the word "fairy story" in English

What does "fairy story" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

fairy story

US /ˈfeəri ˈstɔːri/
UK /ˈfeəri ˈstɔːri/

Noun

1.

a children's story about magical and imaginary beings and lands

Example:
My grandmother used to read me a fairy story every night before bed.
Many classic fairy stories have been adapted into films.
2.

a fabricated or untrue story, often used to deceive

Example:
His explanation was just a complete fairy story.
Don't believe that fairy story; it's not true.