Fairy: a mythical being of folklore and romance, usually having diminutive human form and magic powers
Etymology: Middle English fairie, fairyland, fairy people, from Old French faerie, from feie, fee, fairy, from Latin Fata, goddess of fate, from fatum, fate.
Faerie: small, human in form, playful, having magical powers
Variant(s): also fa ery /fA-(&-)rE, far-E, fer-E/
Etymology: Middle French faerie, Faery, Fae, Faerie