1) A humanoid
creature with magical powers and sometimes butterfly
wings. Fairies (or "faeries" if you prefer) can be any size from the size of a seed to human size. Known to be pranksters, it is best not to get on their bad side. Dwarves, leprachauns, satyrs, banshees, nymphs and elves can also be concidered fairies.
2) A usually derogatory term for a gay
male, especially
one who is flamboyant and acts more "feminine" than a woman (as if there were something wrong with being feminine). A heterosexual man who acts in a feminine manner is also sometimes called a "fairy".
1) The fairy darted through the
forest, trailing magic
dust.
2) After being called a "fairy" for the thousandth time,
Eric told his harasser to shut up and cram it.