Fairies are a big deal in this house. We read books about fairies, watch movies about fairies, play games about fairies, and on and on. About a year ago we bought the book Felt Wee Folk by Salley Mavor and started making little flower fairies. This book is really wonderful with beautiful pictures and clear step by step instructions.
We have kind of developed our own style - a little less fidgety than those in the book. The book was worth every last penny as the little fairies we have made have produced hours and hours of play time, both creating the fairies and in imaginative play. These dolls are about 2 1/2" high, and are inexpensive to make - a few dollars worth of supplies will make many fairies.