If you can get a copy of the May 21, 2007 TIME Magazine, be sure to read the article "The End of Fairy Tales?" on pages 83-85.
In the meantime, or after you read the article, study the types of re-writes fairy tales have gotten, then think about whether or not particular types of re-writes might be clever or go too far, and then think about how you might re-write a fairytale. Which fairy tale would you choose? How would you change it, modernize it, or give it a unique twist?
And think about this: would you return to the original grim Grimms' fairy tales style, stay with a sweet Disney version, try another different grim version, or go in a completely opposite direction, or use your very own unique technique?
Go ahead now - take the challenge!