fay vs fairy

fay and fairy both are nouns.

Word	Noun	Adjective	Verb	Adverb
fay	Yes	No	No	No
fairy	Yes	No	No	No

As nouns, fay and fairy are synonyms defined as:

fay and fairy: a small being, human in form, playful and having magical powers

Other synonyms of fay include faerie, faery, sprite.

fay (noun)	fairy (noun)
a small being, human in form, playful and having magical powers	a small being, human in form, playful and having magical powers
	offensive term for a homosexual man