def simplify_fasttext_label(label: str) -> str:
    """Simplifies fasttext-like label representation

    Args:
        label (str): Raw fasttext-like label (with `__label__` prefix).

    Examples:
        >>> simplify_fasttext_label('__label__NORMAL')
        'normal'

    Returns:
        str: Simplified label.
    """
    prefix = '__label__'
    if label.startswith(prefix):
        return label[len(prefix):].lower()
    return label