faerie, faery

Pronunciation key ( fâr′i ) ( fâr′ē ) Funk & Wagnalls and Webster's differentiate on pronunciation keys

fa•er•ie, fa•er•y

([Archaic] Variation of fairy, first used by Edmund Spencer in 1590-1596 in the "Faerie Queen". An allegorical romance of which included twelve planned volumes but of which only six were actually published.)

n.

1. (fā′ẽr-i), fairyland, the imaginary land in which fairies lived. Also (fā′ə·rē)
2. [Archaic] adj. A fairy, mythological

Also spelled faërie and faëry.

References

Webster's New World Dictionary of the American Language (College Edition) ©1955

Funk and Wagnall's Standard Dictionary, Comprehensive International Edition, ©1976