Land you may read about in fairy stories (5)
I believe the answer is:
syria
'land you may' is the definition.
'syria' can be an answer for 'land' (I've seen this before). I am not sure about the 'you may' bit.
'about in fairy stories' is the wordplay.
'about' shows that the letters should be reversed in order.
'in' indicates the answer is hidden within the clue.
'airys' is hidden in the letters of 'fairy stories'.
'airys' backwards is 'SYRIA'.
'read' acts as a link.
Can you help me to learn more?
(Other definitions for syria that I've seen before include "In Mediterranean area" , "Middle Eastern country" , "Good judgement, knowledge" , "Country bordering Iraq" , "West Asian Republic" .)