favola
fairy tale
noun FAH-voh-lah Rare
Origin: From Latin fabula ('story, tale').
Also means
fable
Usage Note
Favola covers both the Aesopian fable (with a moral) and the broader fairy tale genre; fiaba is a closer synonym for fantasy fairy tale. Colloquially, che favola! means 'how wonderful!' — an idiomatic compliment. The plural is favole.
Examples
"La nonna racconta sempre una favola ai bambini."
Natural Translation
Grandma always tells the children a fairy tale.

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