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The tooth fairy

Posted by Sharon M. on October 08, 2005

I came across a certain expression while watching "Doctors" on BBC, when one woman tells another that she won't "cough up a pound to the tooth fairy". I would like to know if this phrase is current in English or if it is specific to the situation portrayed in the chapter I viewed? I didn't find any mention of this expression during my search on the net and will be grateful for your assistance if possible.