Fairy rings also occupy a prominent place in European folklore as the location of gateways into elfin kingdoms, or places where elves gather and dance. According to the folklore, a fairy ring appears when a fairy, pixie, or elf appear. Once a ring has appeared, it will disappear without a trace in under five days, but if you wait long enough for the elf to return to the ring, you may be able to capture it.
I would definitely hold out for the elf if possible.
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-Scott
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