MetaGenAI has recently released the Fairy video editing tool, which supports natural language editing for style transformation and object/character changes. This tool boasts an extremely fast speed, capable of generating 120 frames of 512×384 video in just 14 seconds. Its main features include image style conversion (such as Van Gogh or Picasso styles) and object or character transformation (such as converting a person into a wooden sculpture or a metal knight sculpture). Fairy employs an anchor-based cross-frame attention mechanism to ensure temporal coherence and high fidelity when editing videos. It uses a diffusion model approach for generating or editing video frames, and supports parallel computing, significantly enhancing processing speed. For more detailed information, please refer to the project page and the paper.