Are you reading a book with magic or other supernatural elements? You're probably reading a fantasy novel. Still not sure? Not all fantasy books include elves and dragons: some are set in a more contemporary world, some have swashbuckling heroes, and some are almost horrific reads. Fantasy is often inspired by mythology or folklore. In high fantasy these magical elements are at the forefront of the plot while In low fantasy or magical realism, magic is subtly woven into an otherwise familiar, real-world setting.