The most common and most likely answer to this crossword clue is the 6 letter word HANSEL
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The straight part
We know that "Fairy tale character" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case fairy tale character = hansel.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does HANSEL mean?
HANSEL noun- A lucky omen.
- A gift given at New Year, or at the start of some enterprise or new situation, meant to ensure good luck.
- Price, payment; especially the first installment of a series.
- To give a handsel to.
- To inaugurate by means of some ceremony; to break in.
- To use or do for the first time, especially so as to make fortunate or unfortunate; to try experimentally.