Now, if you decide to explore, making distant explorations, you will want to save just before entering the faerie village. When you enter, check the message board for results. If you have waited long enough, there will be a message that your faeries have succeeded or failed. Failure results in death, and means you should hold SELECT + START for 2 seconds to reset.Reload until you don't fail, then check to see what you've found, or save first in another save spot, if you have an Inn. This way you can "select" what you want, since success with item, success without item or failure (read: death) are determined when entering the village, but the actual item you get is determined when you speak with the faerie.