The slang meaning “effeminate male homosexual” is first recorded 1895. Fairy ring is from 1590s. Fossil sea urchins found on the English downlands were called fairy loaves.
In addition to the idiom beginning with fairy
fairy godmother
also see:
tooth fairy
Large Blue Sitting Fairy
Spring Fairy Queen – Gift-central
Liberal Dictionary: Flitter Fairies Alexa (Meadow Fairy): Toys & Games
Illustration Featuring A Fairy Waving Her Wand Royalty Free Cliparts