First of all Jay Leno does the voice of The Crimson Chin.
This cartoon is about a kid who has a couple of fairies as godparents. They grant him almost any wish he makes. That sounds great but it never works out that way.
By the way the kid's name is Timmy.
Around the time Timmy makes his wish one of the characters usually says "what could go wrong?"
If you watch the show you'll see what can go wrong.
Timmy's fairies are a married couple who love each other but their love is challenged all the time.
Timmy has a nutty teacher who lives to find and exploit fairies, especially Timmy's fairies.
Timmy's parent's are easily messed up and get Timmy in more trouble.
The fairies have a boss who talks and looks like swartzeneggar. He keeps all fairy related business by the book.
Timmy's fairies are Wanda and Cosmo.