Heh. I tend to pick a race I want to play, then figure out his class, and then create the character around both of those things, often beginning with backstory. Although in the case of Neopets, I've got a LOT of characters I can bring into this. I just need to...figure out which ones. xD

With regards to Faeries: 

In the Neopets lore, there are multiple kinds of faeries: 

There are the named Faeries, who have carved a name for themselves in the history of Neopets for being particularly strong in one way or another. Taelia the Ice Faerie who lives on Terror Mountain, Illusen the Earth Faerie, who lives in her glade in the medieval country of Meridell as well as Jhudora the Dark Faerie. But then there are numerous regular Faeries who are not as strong or well known, and are often just referred to by their attribute on-site. But in-RP, I would presume they'd all have names and personalities. And, naturally, they're very magical in nature. But then you have the occasional Faerie who's more martial, like Aethia, the Battle Faerie (who is primarily sword and board user)

Worth noting about faeries is that there's a bulky Lupe villain named Balthazar who hunts them in order to seal them in bottles due to being bullied by them in the past.

Also that there are no male Faeries in the lore. But we could always just change that ("AU it" as it were) to make male Faeries also exist.

tl;dr/conclusion - You could probably make Faeries work as a race here since there are just as many weaker faeries as there are stronger ones. There's a lot that can work with that. Presumably, a Neopet is a character all their own, so you'd be just a Faerie if you wanted to be one.