"Oh yes. You'll make a wonderful fairy!" The gold one said.
From the tip of your nose where she touched you, your skin started turning a subtly glowing pink. As your nose shrank the effect started to spread outward, smoothing your skin, altering your jaw and cheek structure. You felt it twisting and distorting into a more feminine shape.
Your eyes stung as you felt them expand in your skull as the effect continued to your ears, which grew and elongated into points. Your hair turned a deep rose-pink as it grew down to your shoulders.
"He's looking cuter already!" The blue one said.
"Cuter!?" you thought to yourself as the pink wave reached your clothing, which started to dissolve away in a wisp of glitter, exposing your skin which was being smoothed away as you felt your shoulders compress, your arms and hands thin and slim out, and your chest swell. This raised a serious alarm in your head.
"They're beautiful!" The gold one said as the two of them flew to a nipple each and rubbed them. They seemed to be larger, now; easily three times the size you remember and growing... or were you SHRINKING!?
Tears streamed down your face as you were helpless to fight back at all. All you could do was wait as you felt your waist pinch inward, your hips expand, and your manhood slowly retreat into your body, repurposing itself into a brand new reproductive system, fitting for your impending new life.
"SHE's coming along nicely!" the gold one said.
As the pink wave finally smoothed and slimmed down your legs, a tremendous pressure built on your back. "Here's the best part!" The blue one said excitedly as they flew behind you and witnessed your back bulge and strain as broad, sparkling, bug-like wings began to push their way out.
Slowly they inched forth, growing and widening. It was painful, yet, there was an odd pleasure to it. Finally, the seal on your lips broke, and you let out an intense pained/pleasurable moan.
As you and your wings at last reached their final size, your mind seemed to insist that your name is "Rosette". The two other fairies landed before you and introduced themselves as "Bluebelle" and "Gildenraye".