The book includes fairytales written by Oscar Wilde 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 neigh-bour's happiness, people's feelings and relations. Thanks to the fairy-tale form, poetic manner of narra-tion, pictorial descriptions and metaphors, these complicated philosophical problems assume emotional and expressive resonan-ce. 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.