The last few years my 2nd grade students read fables over 1-2 days, created a fable of their own and that was it for that genre. This year I moved the unit from April (see April 2012 and 2013 posts) to October and expanded it.
Students read fables on iPads using several Aesop Fable apps. They compared/contrasted different electronic illustrations and print illustrations.
Whole class we watched several traditional/modern fable pairs from the website http://www.umass.edu/aesop/fable.php?n=16 and discussed similarities and differences. Then each student chose a traditional fable and re-wrote it, setting the tale in the present time at our school but keeping the moral/lesson the same.
Another added activity was taking a picture of a print fable and noting in Skitch 3 things typically found in a fable.