The article examines the dual nature of the fantastic and the magical in the fairy-tale world of Nikolay Raynov. On the one hand, it thrives in a universe completely different from reality. But, on the other hand, it is not a refusal to accept the human situation but rather a way to enrich this situation. The human is situated on the horizon of an ethical imperative that predetermines the fate of the characters. It stands to reason that authorization is a step from magical to fantastical. Parallels have been sought both with Propp's morphology and with Bettelheim's psychoanalytic optics. The existential choice of the heroes turns them into warriors of light and bearers of light, which, as a manifestation of the divine in man, is a key concept in the philosophical, theosophical, and artistic works of the prominent Bulgarian classic.