I enjoyed last year's predecessor volume, My Favorite Science Fiction Story, but this volume is even better. The premise is that eighteen bestselling fantasy writers were asked to pick their all-time favorite fantasy story (by another writer). The result is a very eclectic assortment of tales. Most of these stories I had never seen before (even though I had read other stories by the same authors), but the most enjoyable part was reading the introductions, and discovering why each author picked the story he or she did.
I loved M. John Harrison's story "The Dancer from the Dance," but I think I liked it more than I would have otherwise, just because Stephen Donaldson's very evocative introduction sets the stage so well. Also, I have always loved Jack Vance's "Dying Earth" stories, and I loved reading Robert Silverberg and George R. R. Martin each explaining why they chose a different story from that book, and seeing how their opinions closely mirrored my own. Neil Gaiman chose a story by R. A. Lafferty that I had never read before. Not only did I love the story, but it also made me reexamine some of Gaiman's own work, and think about the ways which Lafferty might have influenced his writing.
If you are looking for the fantasy found in endless volumes of Tolkein ripoffs and Jordan wannabes, this is not the book for you. (Even Margaret Weis, who has often been a guilty practitioner of the aforementioned, picks a beautiful story by Charles Dickens to introduce.) But if you are looking for one of the most interesting and well-rounded collections of first-rate fantasy literature to be found in print today, you should buy this book.