Fantasy elements are components found in stories that create a world different from our own, often featuring magical or supernatural aspects. These can include mythical creatures like dragons, fairies, or unicorns, as well as magical powers or spells that characters can wield. Additionally, fantasy elements often involve unique settings, such as enchanted forests, ancient castles, or entire realms like Middle-earth from J.R.R. Tolkien's works. These elements help to build immersive narratives that transport readers to imaginative worlds, allowing for adventures that defy the laws of reality.