This document provides an overview of different types of folk literature, including oral traditions like folktales, fables, legends, urban legends, and myths. It explains that folktales are stories passed down orally for generations, often involving magic or talking animals. Characteristics of folktales include references to "once upon a time" and repeating themes of numbers or good versus evil. Fables use animals as characters to teach life lessons, while legends feature real people involved in supernatural events. Urban legends are modern stories believed to be true that contain mystery or warnings. Myths aim to explain the creation of the world through stories of gods and goddesses.