Etymology
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fish-story (n.)

"incredible or extravagant narration," by 1819, U.S. colloquial, from the tendency to exaggerate the size of the catch (or the one that got away). See fish (n. ) + story (n.1).

Do not tell fish stories where the people know you; but particularly, don't tell them where they know the fish. ["Mark Twain," in "More Maxims of Mark" by Merle Johnson (1927)] 

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