tooth fairy

US /ˈtuːθ ˌfer.i/
UK /ˈtuːθ ˌfer.i/
"tooth fairy" picture
1.

a mythical creature who gives children money or a small gift in exchange for a lost baby tooth, which is placed under a pillow

:
My daughter was so excited when the tooth fairy left her a dollar for her first lost tooth.
Many children believe in the tooth fairy.