say it: FER-ee-land
fairyland is a noun meaning "something existing solely in the imagination (but often mistaken for reality)". It carries 2 recorded senses.
something existing solely in the imagination (but often mistaken for reality)
the enchanted realm of fairies
Forms marked · are formed by the regular rule rather than recorded in the source data. English keeps a few hundred irregulars and the rest follow the pattern, so the rule is right far more often than not — but it is a rule, and the mark says so.
Definitions, synonyms and semantic relations for fairyland come from Princeton University’s WordNet. The pronunciation comes from the CMU Pronouncing Dictionary. Commonness is measured against a corpus of everyday English. Full sources and licences.