In the 'lost boys and fairies true story', the lost boys are probably the central human characters. They might be lost in a place full of mystery and danger. The fairies, on the other hand, are the magical entities. There could be a leader among the fairies who guides the boys or challenges them. There may also be some side characters like animals or other magical creatures that play important roles in the boys' journey.
Homelander does die in the Boys comic. It happens due to a combination of factors including his own actions and the opposition he faces from other characters.