Rated by buyers 
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This is better than I thought it would be, as it is considerably less twee than I expected.
The story average is an ok 3.29, but the book has some added extras.
Windling produces a quite lengthy introduction in the form of an essay on the history of the Faerie in literature/art as a background to people.
At the end, a reading guide of books in this sub-genre is given for those with a further interest. This makes the publication definitely of interest for people looking to find books like this, so well done there.
Faery Reel : Catnyp - Delia Sherman
Faery Reel : Elvenbrood - Tanith Lee
Faery Reel : Your Garnet Eyes - Katherine Vaz
Faery Reel : Tengu Mountain - Gregory Frost
Faery Reel : The Faery Handbag - Kelly Link
Faery Reel : The Price of Glamour - Steve Berman
Faery Reel : The Night Market - Holly Black
Faery Reel : Never Never - Bruce Glassco
Faery Reel : Screaming for Faeries - Ellen Steiber
Faery Reel : Immersed in Matter - Nina Kiriki Hoffman
Faery Reel : Undine - Patricia A. McKillip
Faery Reel : The Oakthing - Gregory Maguire
Faery Reel : Foxwife - Hiromi Goto
Faery Reel : The Dream Eaters - A. M. Dellamonica
Faery Reel : The Shooter at the Heartrock Waterhole - Bill Congreve
Faery Reel : The Annals of Eelin-Ok - Jeffrey Ford
Faery Reel : De La Tierra - Emma Bull
Changer library danger.
3 out of 5
Sister swap.
3.5 out of 5
Sea loss.
3 out of 5
Skinny goblin relation lopping.
3 out of 5
Accessory home hunt.
4 out of 5
Retail magic.
2.5 out of 5
Elf boy gear.
3.5 out of 5
The reverse crocodile dork Hook.
3.5 out of 5
Stinky boy nookie.
4 out uof 5
Pat the horsey, monkeyish boy.
3 out of 5
Hubby nicking practice.
3.5 out of 5
Woodman and a lot of Jerry.
2.5 out of 5
Doglets and monsterspiders.
3 out of 5
Oneiroreavers.
3 out of 5
Dead swap.
4 out of 5
Mini sandkings.
3 out of 5
Resource allocation reality.
4 out of 5
3.5 out of 5
Rated by buyers 
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I loved this book, particularly "Never, Never" by Bruce Glassco and "The Annals of Eelin-Ok" by Jeffrey Ford. While all the stories involve faeries of some sort, there is much variety and each story has a different feel. Additionally, the wonderful illustrations at the beginning of each story by Charles Vess and the comments by the author at the end of each story make this book an absolute must-have for anyone who loves fantasy.
Rated by buyers -
I enjoyed the Faery Reel quite a bit. Something that Ellen Datlow and Terri Windling do well is give you a flavor of many different authors' styles. This anthology is no exception to that. So without further ado, the stories:
THE BOYS OF GOOSE HILL by Charles deLint
An interesting poem about mischevous faires. it is supposed to go to the tune of "The Meet Was at Matthews" by Jimmy Crowley.
CATNYP by Delia Sherman
A short story about a girl living in a fairy New York who tries to win a bet that humans know more than fairies about love. Throw in a personable library database, a boy searching to get to the human world, and boons--you've got the story. I enjoyed it so much that I am going to read The Changeling the newly released book about the main character in this story.
ELVENBROOD by Tanith Lee
A haunting modern-day story about fairies taking young children back to their land. They can't take the child unless one of the parents "sells" them for something better, whether or not the parents are aware of it.
TENGU MOUNTAIN by Gregory Frost
An interesting story with an intriguing basis in legend and history. The story is about a Japanese boy visiting his aunt only to find himself in a sticky situation: he is to be the main course at a feast!
THE FAERY HANDBAG by Kelly Link
A creative story about a handbag that contains a whole fairy world. The main character is forever searching for this handbag because she was supposed to look after it after her grandmother died. She also has personal connection to it by someone who jumped into the handbag.
THE PRICE OF GLAMOUR by Steve Berman
I have to admit I did not care for this story particularly but that is a matter of taste. It's rather dark. Poor Tup is in charge of collecting stolen goods for his demanding boss. In order to disguise oneself as a human, the fey must either have glamour (a sort of powder) or the Sight because all the iron in the city destroys their natural ability to disguise themselves. Caught one day trying to steal glamour, Tup ends up being endentured for 12 years. When Tup has his secret cache stolen, his ticket to freedom, he is determined to catch the thief.
THE NIGHT MARKET by Holly Black
A fast paced tale about a girl trying to save her sister from an elf's curse. Tomasa, the main character, goes to the night market, the fairies' market, in order to break it. Soon the elf does not seem so bad afterall.
NEVER NEVER by Bruce Glassco
"What could I have possibly done to deserve eternity as the plaything for some...juvenile godling? (pg. 235)" Captain Hook asks Tiger Lily. Tinkerbell, because of Peter's requests, brings in new amusefments for him that never leave the enchanted land--such as Tiger Lily's village or Captain Hook's ship. Cursed to live there forever, or at least until madness takes over, Hook is miserable. Tinkerbell takes pity on him and grants him one wish.
SCREAMING FOR FAIRIES by Ellen Steiber
A very facinating tale that is definately grown up in its tone. Two fairies appear to Cherry. She feeds and talks to them. Enter boyfriend who Cherry longs to make love to but is afraid because she is a virgin. The story is definately a glorification of "primal instincts" insisting we all have a connection with the earth and a beautiful chord of intense passion hidden within. It's an interesting sotry in the fact that it makes you feel airy but rather too dangerous in its message to continually read.
IMMERSED IN MATTER by Nina Kiriki Hoffman
A faery mother + a human father = basically faery with specializations
A human mother + a faery father = half faery/half human
An interesting short story introducing the concept that the half faeries are also, deep down, related to animals. Owl, through his desire to meet horses, learns to notice others and learns about the world. See "Flotsam" in Firebirds for a story of a similar nature.
UNDINE by Patricia A. McKillip
All undines capture mortal men and bring them back to their underwater homes. Eventually, if the men don't escape, they die and the undines find others to take their places. This sthort story tells of an undine trying to catch her very first man but things don't go exactly as planned.
THE OAKTHING by Gregory Maguire
When the Grandomtoher is left behind after her family abandons their farm she finds herself alone in a village with impending advance of enemy soldiers. She befreinds an oakthing-a twiggy creature that inhabits the oak tree on the farm. The woman learns to fend for herself. This is primarily a tale of death and life, showing the fine lines between the two.
FOXWIFE by Hiromi Goto
Quite an interesting story about an unlucky girl named Yumeko. She seems to find bad luck wherever she goes and the day the story takes place is no exception. When her boat capsizes she soon finds herself in the midst of a wedding procession for kitsune and becomes their prisoner.
THE DREAM EATERS by A.M. Dellamonica
This story starts out bizarre and confusing. From what I can gather, Mo and Liz are both girls from a group home. Mo, through stealing some money, starts her own business,-Lopside Fashions-which takes off. Now one of Mo's friends, a little girl named Peg, has disappeared, spirited off by fairies. Mo and Liz are determined to get her back. Together they go to Kasqueam, a fairy city that co-exists with their own. There fairies store dreams for it is through dreams that fairies are able to gain items. But Mo and Liz aren't about to let the fairies steal Peg's dreams.
The description of fairies is to be particularly noted. Fairies live one day (even though it is a very long day) and can grow 30-50 feet tall. They are born in the morning and reproduce at twilight. Their eggs are "incubated" in human lungs, inhaled when humans breathe.
THE FAERY REEL by Neil Gaiman
A poem about a man, when young, split his soul in two. While one part stayed in the human world the other lived in faerie.
THE SHOOTER AT THE HEARTROCK WATERHOLE by Bill Congreve
A young man is hired to stay at an oasis-like area in the Australian wilderness in order to shoot animals not native to Australia. His employers hope that the young man will stop invading animals before they reach the agricultural areas. And so the young man lives out a fairly boring existence until he accidentally shotots and kills a strange woman. And thus begins the young man's rigorous examination of death and life. Interesting themes dealing with life, death and the supernatural. Great symbolism with water. I understand why this story won an award.
THE ANNALS OF EEALIN-OAK by Jeffrey Ford
Facinating and creative story about fairies that inhabit sandcastles (Twilmish they are called). A Twilmish lives only as long as the castle exists so they must choose their castle wisely. They usually look for castles which are made by children by hand, don not have sand crabs, have a protective wall in order to hold back the sea, and ones that are already named (pg. 473). This story is mostly comprised of a "diary" of a certain Twilmish--his adventures, activities and contemplation.
DE LA TIERRA by Emma Bull
The authoer obviously put some thought into the story. De la Tierra is a tale of old and new. Somewhat nebulous, the story hints at right and wrong but never states it clearly. The tale involves a modified human doing the "dirty work" for shapechanging fairies. These fairies, in order to protect their way of life, hire hitmen to take out fairies who do not blend in with the urban world.
HOW TO FIND FAERY by Nan Fry
A poem not only describing how to find a fairy but also how to appreciate the magic found in nature and ourselves.
Rated by buyers -
This compiliation of fairy stories is amazing! I enjoyed all of them greatly. I liked Tengu Mountain, The Price of Glamour, Never Never, Imersed in Matter, The Shooter at the Heartcock Waterhole, and The Annals of Eelin-Ok the best. At very first I wasn't going to read it because it was so long, but I liked it so much it took me 3 days to read 350 pages. I couldn't stop! I liked this book so much because the stories are all so different and unique. The faries are all so different, and so I never got bored. Never Never was the same plot as Peter Pan, just told in the point of view of Captain Hook. If you want to read a book that is fun, interesting, and a great journey, read the Faery Reel.
Rated by buyers -
"The Faery Handbag" by Kelly Link has won the Hugo Award and Locus Award for Best Novelette.
It has now been nominated for the Nebula Award for Best Novelette.