From The Collaborative International Dictionary of English v.0.48 [gcide]:
Faerie \Fa"["e]r*ie\, n.
1. A fairy. [Archaic]
[PJC]
2. The land of the fairies, in fables; fairyland.
[PJC]
From WordNet (r) 3.0 (2006) [wn]:
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]