  We study exponentially suppressed contributions to the degeneracies of
extremal black holes. Within Sen's quantum entropy function framework and
focusing on extremal black holes with an intermediate AdS3 region, we identify
an infinite family of semi-classical AdS2 geometries which can contribute
effects of order exp(S_0/c), where S_0 is the Bekenstein-Hawking-Wald entropy
and c is an integer greater than one. These solutions lift to the extremal
limit of the SL(2,Z) family of BTZ black holes familiar from the "black hole
Farey tail". We test this understanding in N=4 string vacua, where exact dyon
degeneracies are known to be given by Fourier coefficients of Siegel modular
forms. We relate the sum over poles in the Siegel upper half plane to the Farey
tail expansion, and derive a "Farey tale" expansion for the dyon partition
function. Mathematically, this provides a (formal) lift from Hilbert modular
forms to Siegel modular forms with a pole at the diagonal divisor.
