From Longman Dictionary of Contemporary Englishfairyfai‧ry /ˈfeəri $ ˈferi/ ●●○ noun (plural fairies) [countable] 1 RFa small imaginary creature with magic powers, which looks like a very small person2 HOMOSEXUAL old-fashioned not polite an offensive word for a homosexual man
Examples from the Corpus
fairy• A beautiful fairy danced near him, and he reached out to catch her, but caught only her handkerchief.Origin fairy (1300-1400) Old French faerie “fairyland”, from fae “fairy”, from Latin fatum “fate” 