This collection presents a curated selection of modern fairy tales that explore the enduring power of magic and transformation within the context of the late nineteenth century to the present. Alison Lurie gathers diverse narratives that utilize the traditional tropes of the genre—trolls, princesses, and moral lessons—to examine contemporary human experiences. The stories operate within the logical constraints of the fantastic, where the unreal serves as a mirror for the real world. The narrative framework varies across the anthology, reflecting the distinct stylistic choices of authors ranging from Charles Dickens to Angela Carter.

Readers and critics frequently highlight the anthology's success in demonstrating that the fairy tale remains a vital and evolving form of literature. Discussion often centers on the contrast between the traditional elements of the genre and the modern sensibilities brought by twentieth-century authors. Many appreciate the balance between well-known classics and lesser-known gems, which provides a comprehensive overview of the genre's development. The collection is often cited for its ability to appeal to both younger readers and adults, as the stories contain layers of meaning that extend beyond simple childhood fables. Reviewers consistently note the high quality of the selections and the insightful editorial framing provided by Alison Lurie.