The narrator of the story hears about a shopkeeper, Mr. Skelmersdale, who everyone seems to believe has actually been to fairyland. Eventually, the narrator gains Skelmersdale's trust and hears the story. After an argument with his girl, Skelmersdale wandered out to Aldington Knoll and fell asleep. When he awoke he was somewhere entirely different and elves escorted him to fairyland. There he met the beautiful, enchanting Fairy Lady, who becomes his companion. Eventually he has to leave fairyland and has nothing to show for his time spent there. He wants to return desperately, but can't.