fairy gold

noun
variants: or fairy money

Definition of fairy gold

1 : money held to be given by fairies but turned into rubbish when put to use
2 : wealth or prosperity that may vanish as swiftly as it is acquired : precarious or illusory wealth
  • was to have been, according to those who profited most from its fairy gold, an era that would transcend the business cycle
  • —Stringfellow Barr

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