Word after "fairy" or "folk" (4)
I believe the answer is:
tale
'word after fairy or folk' is the definition.
(I've seen this in another clue)
This is the entire clue.
(Other definitions for tale that I've seen before include "Story or anecdote" , "Fable" , "Narrative - fabrication" , "Story; lie" , "See 12" .)