I've never heard even a hint of something like that. Are you sure the person wasn't just yanking your chain??
Here's a link to a site that claims it's a "Fairy Board" but it just looks like a rip off of a Ouija board.http://www.dragonoak.com/Spiritboards/FairyMagickSpiritBoard.html
A close friend of mine had one that was made and 'blessed' by a witch. Even when he tried to get rid of it, it came back to him. Would appear in the house the next day. He finally had to have the witch destroy it. They're not something I recommend f#cking with.