This document proposes a new technique called "Pixie Dust" that uses an acoustic potential field generated by phased arrays to levitate and animate small objects for graphical display and interaction. It summarizes the theory behind acoustic levitation using phased arrays, demonstrates the implementation of an acoustic potential field generator, and evaluates the workspace and speed capabilities. Potential applications explored include projection screens, spatial displays, and vector graphics displays. Future work areas discussed are wave synthesis, multi-layer displays, and production processes.