fab·u·late (fāb'yə-lāt') intr.v.
fab·u·lat·ed, fab·u·lat·ing, fab·u·lates To engage in the composition of fables or stories, especially those in which the element of fantasy comes into heavy play: "a land which . . . had given itself up to dreaming, to fabulating, to tale-telling"(Lawrence Durrell).
[Latin fābulārī, fābulāt-, to talk, from fābula, tale, talk; see fable.] fab'u·la'tion n., fab'u·la'tor n.