faerie / faery / fairy are similar-sounding terms with different meanings (referred to as homophones). To better understand the differences, see below for definitions, pronunciation guides, and example sentences using each term. 👇
faerie: NA
faery: NA
fairy: (noun) a small being, human in form, playful and having magical powers.
faerie: NA
faery: NA
fairy: f·EH·r·iy
(Examples are Wikipedia snippets under the CC ShareAlike 3.0 license. Definitions drawn from WordNet.)