The Collaborative International Dictionary of English v.0.48:
Faerie \Fa"["e]r*ie\, n. 1. A fairy. [Archaic] [PJC] 2. The land of the fairies, in fables; fairyland. [PJC]WordNet (r) 3.0 (2006):
faerie n 1: a small being, human in form, playful and having magical powers [syn: fairy, faery, faerie, fay, sprite] 2: the enchanted realm of fairies [syn: fairyland, faerie, faery]