Pam Bliss writes: “The fairy seems to have stolen her outfit from the actual woodsman, so she probably doesn’t have a leg to stand on ethically.”
Pam (who posts her own sketchbook drawings here) also stated that she has no recollection of drawing this. It’s fun to hear artists’ interpretations of things they don’t remember drawing.
Personally, I don’t think this is a picture of a fairy in woodman’s clothing. It’s actually a half-fairy/half-woodman creature, who had an unfortunate encounter with an identical looking, sticky-fingered frozen confection (made by Haitai, of course).
But if the anterior part is the fairy, wouldn’t it take the wand, not the axe?
To further muddy the waters, there’s the snack food’s namesake — this Korean folk tale — in which the woodman steals the fairy’s clothes*.