If we consider the general 'Elizabeth story', Elizabeth is likely the central figure. Her significance could be that she drives the plot forward. For example, if it's a story of her journey, her decisions and actions would be what the story is built around.
Definitely not a true story. FNAF is a work of fiction that takes place in a fictional world with its own set of rules and scenarios. It's all about creating a thrilling and immersive gaming and storytelling experience, not reflecting reality.
The FNAF backstory is full of mystery. There are rumors of hauntings, dark events at the pizzeria, and unanswered questions that keep fans guessing. It's a world filled with suspense and horror elements.