Facts about what it's not:
It's NOT toasted (that's the most hilariously wrong part of the article).
It's NOT a breakfast food
It's NOT typically a snack food outside of children's parties.
It's NOT rainbow sprinkles on fancy bread.
It's NOT sugared toast.
What it is:
Mainly depression era or post war creativity. Such as how Iced VoVos were around for decades at the fancy end of the commercial biscuits. As far as I'm concerned, the less said about them the better unless it's your aussie childhood comfort food.
- Cheapest soft white bread, buttered to all the edges (or margarine) with hundreds and thousands sprinkled to a solid layer on it.
- The quality of the butter or marg is irrelevant, it's simply there to enable the sugary balls to remain on the bread. Enough butter/marg for the little sugary balls to stick to.
- Crusts may or may not be removed - just expect children to not eat the crusts if you leave them on.
- Cut into triangles (halves or quarters)
To reiterate - rainbow sprinkles are not in the spirit of Fairy Bread. Just NOPE.
A more recent (than my age group's childhood) who are familiar with using nutella instead of butter, but that's fairly fancy and not an essential component.