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The stone circle is said to be a witches coven turned to stone by the wizard Michael Scot when he found them holding a sabbat.
Meg may have been Meg of Meldon a local 17th cntury witch.
The stones are said to be uncountable and if anyone arrives at the same figure twice the spell is said to be broken and if a piece is broke off Long Meg herself she is said to bleed.
The 2 largest stones in the circle east and west are said to point to the spring and summer equinoxes.

The Fairy Steps is The second of two flights of stone steps, where the narrow passage squeezes between two sheer rock faces via a flight of natural stone stairs is so named because of a legend.
If you climb or descend the steps without touching the limestone sides of the narrow gully, the fairies will grant your wish.