Original: A fairy tale is a fictional story that may feature folkloric characters such as fairies, goblins, elves, trolls, giants, and talking animals, and usually enchantments, often involving a far-fetched sequence of events.
Simplified: A fairy tale is a fictional (made-up) story which has characters, animals and creatures from folklore; for example fairies, goblins, trolls, giants,witches or elves.