1. Usually referring to a very over the top homosexual. Usually runs around with a cape on, farting rainbows.
2. A man of gay sexuality, who teaches his straight men counter parts how to: Dress, Cook, Clean, to keep social graces and pick up women.
"Dude, who the hell is that guy with the rainbows and cape?"
"Man, that's Super Fairy, the gay guy from down the street."
"Man, Super Fairy, hooked us up. He taught me how to do all the things my mom does. Cook, clean, laundry and how to dress"