Im not a Faerie fan (probably because I got sick of them in Standard way back when), but Im all over this card
If we add Blue then there's Arcane Laboratory, Mana Breach, Sunder, and possibly other naughty things
Designer Notes: Grow your army of elves and faeries, then reach across the table to exile and cast your opponents cards
Youll only get one per batch of creatures dying, but trust me when I say you dont want to play in a world where this red enchantment didnt have that floodgate in place
Ongoing controversy and discourse surrounding it may eventually convince Wizards to abolish the Reserved List or relax the restrictions on it, but in the game's long history that's only ever happened once for a handful of cards
Most importantly, though, all of these cards are a lesson to be learned in game design