legend (STORY) Show phonetics
noun [C or U]
a very old story or set of stories from ancient times, or the stories, not always true, that people tell about a famous event or person:
MYTH
a traditional or legendary story, usually concerning some being or hero or event, with or without a determinable basis of fact or a natural explanation, esp. one that is concerned with deities or demigods and explains some practice, rite, or phenomenon of nature.
- stories or matter of this kind: realm of myth.
- any invented story, idea, or concept: His account of the event is pure myth.
- an imaginary or fictitious thing or person.
- an unproved or false collective belief that is used to justify a social institution
FABLE
faâ‹…ble
   /ˈfeɪbəl/ Show Spelled Pronunciation [fey-buhl] Show IPA Pronunciation
noun, verb, -bled, -bling.
?noun
- a short tale to teach a moral lesson, often with animals or inanimate objects as characters; apologue: the fable of the tortoise and the hare; Aesop's fables.
FAIRYTALE:
fairy tale
 
?noun
- a story, usually for children, about elves, hobgoblins, dragons, fairies, or other magical creatures.
- an incredible or misleading statement, account, or belief: His story of being a millionaire is just a fairy tale.