What does the cryptic crossword clue "Fairy tale with a little slimy thing (4)" mean?

This cryptic clue uses wordplay to arrive at the answer. Visit the page for progressive hints — definition, wordplay type, and a full step-by-step explanation.

Fairy tale with a little slimy thing (4)

Telegraph Prize Cryptic #3185 | 16 Across | 2022-11-06 flower

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