Press possibly creates fairy stories (7)
I believe the answer is:
implore
'press' is the definition.
(I've seen this before)
'fairy stories' is the wordplay.
'fairy' becomes 'imp' (imp is a kind of fairy).
'stories' becomes 'lore' (I've seen this in other clues).
'imp'+'lore'='IMPLORE'
'possibly creates' acts as a link.
(Other definitions for implore that I've seen before include "Beg earnestly, plead" , "Beg earnestly, beseech" , "Ask earnestly" , "press" , "More lip (anag)" .)