This paper reveals the mythological character of the "Girl With No Hands" tale and examines the meaning of this tale psychologically. The "Girl With No Hands" tale is a folk tale in which a maiden is exiled after having her hands cut off when her stepmother plots against her and accuses her of infidelity. She happens to meet a man, gets married, and has a child, and after many twists and turns her hands are regenerated and she returns to her home. This tale shows a feminine right of initiation, beginning with the first menstrual period, and at the same expresses an adolescent girl's interest in and fear of sex. The protagonist of the tale safely completes the "initiation rite" of 'regeneration from death,' is reborn as a mature woman prepared for motherhood and returns home. Her hands are regenerated, she returns home with both her husband and her son, and she punishes her stepmother. The immature character of the protagonist, which had been continuously weighed down by the super-ego, finally achieves a harmony between the "id, ego, and super-ego," and this hints at the ultimate union of the ego (union with the spouse). The protagonist, who overcomes the oppression of her stepmother (parents) or mother-in-law, escapes from the mental stage of the "little girl" who relied absolutely on her parents and always feared their authority. Not only does the protagonist escape from the perversion of excessive attachment to sexual desire, but she is no longer ashamed of her libido and accepts them naturally. Also, her driving out the violent stepmother who cut off her hands and reconciliation with her parents shows that the protagonist has finally been freed from the superego that had overly oppressed her. Now the protagonist is no longer overly attached to her libido, nor does she excessively repress these instincts, and thus she is reborn as a mature adult woman who has achieved harmony between her id and her superego. Unlike male storytellers, who enjoy telling legends, the repertoire of female storytellers consists largely of fairy tale-like folk tales (fantasy tales). This is probably related to the fact that women have traditionally told many fairy tales while raising children. Accordingly, fairy tales have a deep influence on a child's emotional development, and have a definite educational function. It can also be inferred that, through the hearing of this sort of tale, children psychologically experience "rites of passage" or "initiation rites."