the faculty or activity of imagining things, especially things that are impossible or improbable.
fairytale :
fairy tale is a magical story for children, like "Cinderella" or "Rumpelstiltskin." If you read a story that begins, "Once upon a time," chances are it's a fairy tale. ... You can also use the word to describe some part of real life that seems almost magical, like a "fairy tale romance."
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Answer:
fantasy :
the faculty or activity of imagining things, especially things that are impossible or improbable.
fairytale :
fairy tale is a magical story for children, like "Cinderella" or "Rumpelstiltskin." If you read a story that begins, "Once upon a time," chances are it's a fairy tale. ... You can also use the word to describe some part of real life that seems almost magical, like a "fairy tale romance."
hope it helps..