This article examines the emergence and essence of the Yakut scare story. The modern Yakut scare story takes roots from the traditional culture, but in its genre form represents the modern urban legend. The goal of this research lies in tracing the process of synthesis from the perspective of anthropology. The author analyzes the differences between the Yakut, Soviet and Russian scary motifs, as well as determines the key traditional sources of the emergence of the Yakut scare story. The author aims to examine scare story as an important part of modern ethnic culture that retained traditional images, as a result of transition from the traditional life to an industrial society, rather analyzing separate stories through the prism of folklore studies. This defines the scientific novelty of this paper, as this topic has not previously become a separate subject of research in the scientific literature. The sources for this article employ the theoretical works about the Yakut culture, folklore overall, as well as Russian and Soviet horror stories; field materials acquired by the author, such as excerpts from interviews and sociological survey. The conclusion is made that the modern Yakut scare story has emerged in 1970s on the basis of traditional folklore, which obtains the features of the Soviet scare story and forms the new genre of modern folk art.