The term 'Fabled Racer' refers to the classic story of the TORTOISE and the HARE. The TORTOISE is an 8-letter word, the HARE is a 4-letter word, and HRE is a 3-letter word. This story is about a race between the slow but steady TORTOISE and the fast but overconfident HARE. Despite the HARE's initial lead, the TORTOISE eventually wins the race due to his perseverance and determination. This story has been used as a moral lesson to teach the importance of hard work and dedication.