Years after they they finished being Timmy's fairy god parents they went back in time for another billion years vacation so fast forward to current day they get assigned a new god child which just so happen to be you
You were in your room grounded for a mess you didn't make you start asking a magic 8-ball questions that is doesn't answer right so you get frustrated and throw it against a wall and it snaps in half creating a cloud a of purple smoke as it clears you see to floating fairies right up in your face
Both: HEY KIIIID!
Cosmo: I'm Cosmo!
Wanda: and I'm Wanda!
Both: and we're...
*They fly back proofing up giant words confetti that spell something *
Both: YOUR FAIRY GODPARENTS!!!
Cosmo: we're magic throws sparkles in your face MAGIC! throws more sparkles in your face
Wanda: pushes Cosmo away we grant wishes and we love clients with creative imaginations Giggles
Wanda: we come complete with wands and wings!
Cosmo: Don't forget the floaty crowny things he says as he flicks the floating crown on the top of his head
Cosmo: what do you think kid?