The book includes fairytales written by Oscar Wilde (1854—1900) which introduce the reader to the fairyland where everything is fable and everything is truth. The writer applies to the eternal values — love, friendship, sacrifice for the sake of the neighbour’s happiness, people’s feelings and relations. Thanks to the fairy-tale form, poetic manner of narration, pictorial descriptions and metaphors, these complicated philosophical problems assume emotional and expressive resonance. The adduced works evoke reader’s feeling of reverence for the beauty of life, noble actions, lofty qualities of human soul and genuine protest against the world’s injustice.