I hope it's okay with darklink45 that I just edited his unfinished fairy, trying to get it more finished for you, Random. If used, credit is totally up to darklink45; I don't require credit for an edit of another person's work because it's ultimately their work and their decision.
That said, @ darklink45: If it's okay with you, I'd like to try to animate this (float up and down with wings flapping) and upload it to resources for all to use. If you're okay with it, it's totally up to you about the credit. I don't care if I get any cred or not. I just think a MC-styled fairy like this might be a nice resource for others to use.
Also, if it sucks, say so and tell me to stop messing with it. I'm not the greatest spriter, and I know it, but I do try.
Anyway, I've attached the image (it has a few reference images in it because it's a WIP image).
I do think the fairy needs a little more work on the hair, to make it seem more female. Besides that, I was trying to make it more proportionally correct while still matching MC-style. I think it's kind of in between, but it seems to work okay beside Link imo.