The fairy in Peter Pan is named Tinker Bell. She is a small, winged creature known for her fiery temperament and vibrant personality. Tinker Bell acts as a companion to Peter Pan and plays a crucial role in the story, often helping him and the Lost Boys on their adventures in Neverland. Her magical abilities allow her to fly and create sparkling fairy dust, which is essential for magical flight. Over the years, Tinker Bell has become an iconic character in Disney's adaptations, symbolizing both innocence and the power of belief in magic.