1. [n]  small, human in form, playful, having magical powers
2. [n]  offensive terms for an openly homosexual man
3. [adj]  of or pertaining to or resembling (especially in delicacy) a fairy or fairies

Fairy
The Harley-riding fairy who takes care of the magical needs of the neighborhood steps in when Victoria Stubbs loses her first tooth and her nonbelieving father wants nothing to do with the tooth fairy.

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1. \Fair"y\, n.; pl. {Fairies}. [OE. fairie, faierie,
   enchantment, fairy folk, fairy, OF. faerie enchantment, F.
   f['e]er, fr. LL. Fata one of the goddesses of fate. See
   {Fate}, and cf. {Fay} a fairy.] [Written also {fa["e]ry}.]
   1. Enchantment; illusion. [Obs.] --Chaucer.
            The God of her has made an end, And fro this
            worlde's fairy Hath taken her into company. --Gower.
   2. The country of the fays; land of illusions. [Obs.]
            He [Arthur] is a king y-crowned in Fairy. --Lydgate.
   3. An imaginary supernatural being or spirit, supposed to
      assume a human form (usually diminutive), either male or
      female, and to meddle for good or evil in the affairs of
      mankind; a fay. See {Elf}, and {Demon}.
            The fourth kind of spirit [is] called the Fairy.
                                                  --K. James.
            And now about the caldron sing, Like elves and
            fairies in a ring.                    --Shak.
   5. An enchantress. [Obs.] --Shak.
   {Fairy of the mine}, an imaginary being supposed to inhabit
      mines, etc. German folklore tells of two species; one
      fierce and malevolent, the other gentle, See {Kobold}.
            No goblin or swart fairy of the mine Hath hurtful
            power over true virginity.            --Milton.
   

2. \Fair"y\, a.
   1. Of or pertaining to fairies.
   2. Given by fairies; as, fairy money. --Dryden.
   {Fairy bird} (Zo["o]l.), the Euoropean little tern ({Sterna
      minuta}); -- called also {sea swallow}, and {hooded tern}.
   {Fairy bluebird}. (Zo["o]l.) See under {Bluebird}.
   {Fairy martin} (Zo["o]l.), a European swallow ({Hirrundo
      ariel}) that builds flask-shaped nests of mud on
      overhanging cliffs.
   {Fairy} {rings or circles}, the circles formed in grassy
      lawns by certain fungi (as {Marasmius Oreades}), formerly
      supposed to be caused by fairies in their midnight dances.
   {Fairy shrimp} (Zo["o]l.), a European fresh-water phyllopod
      crustacean ({Chirocephalus diaphanus}); -- so called from
      its delicate colors, transparency, and graceful motions.
      The name is sometimes applied to similar American species.
   {Fairy stone} (Paleon.), an echinite.