Yes, but they're nearly all dead now. You see, Wendy, when the first baby laughed for the first time, its laugh broke into a thousand pieces, and they all went skipping about, and that was the beginning of fairies. And now, whenever a new baby is born, its first laugh becomes a fairy. So there ought to be a fairy for every little boy and girl, but there isn't. You see children know such a lot now. They soon won't believe in fairies, and whenever a child says: 'I don't believe in fairies,' there's a fairy somewhere that falls down dead."
