When the first baby laughed for the first time, the laugh broke into a million pieces, and they all went skipping about. That was the beginning of fairies.
Notes from Wikiquote
You see, Wendy, when the first baby laughed for the first time, its laugh broke into a thousand pieces, and they all went skipping about, and that was the beginning of fairies. | J. M. Barrie, Peter & Wendy (1911), Ch. 3. | When a new baby laughs for the first time a new fairy is born, and as there are always new babies there are always new fairies. They live in nests on the tops of trees; and the mauve ones are boys and the white ones are girls, and the blue ones are just little sillies who are not sure what they are. | J. M. Barrie, Peter & Wendy (1911), Ch. 17.