I got this for my birthday years ago, and if the meaning of a favorite book is the one you read the most/multiple times — then this is my favorite.
There's not much to it, I think I like reading it because there's not much to it and it's lighthearted and has drawn sparkles.
Pictures are also good.
In stories #1 and #3 Felicity is selfless and kind and helps someone else so that could be a good lesson. And it comes back on the form of her friend pooling cash in for her and a compliment from someone, respectively.
Maybe I like it coz of nostalgia? I really can't say who I'd recommend this book to coz I'm not the right age group anymore.
Maybe kid me liked how nice all the friends were so maybe someone who doesn't have friends? Then it could be a distraction.