I don't remember one particular favorite story that I liked being read to me when I was a child. I do remember one story that I liked a lot, but I don't remember the name of it. The story's characters could fly and do magical tricks and that was just fascinating to me. The setting was very unearthy and I always believed there was a real place out there like it.
Children love and believe fantasy stories and they always make for a good story.
It is funny to think about the things I used to believe when I was a child, my imagination was so much more open back then. It is very interesting to read a children's novel at this age, it sort of creates a new openmind for me for the world of fantasy and magic.