Faeries meaning : Realm of the fays, fairyland. The realm of faerie; enchantment, illusion. A mythical being with magical powers, known in many sizes and descriptions, although often depicted in modern illustrations only as a small sprite with gauze-like wings, and revered in some modern forms of paganism. An enchantress, or creature of overpowering charm. A male homosexual, especially one who is effeminate. A member of two species of hummingbird in the genus Heliothryx.