Source : Webster's Revised Unabridged Dictionary (1913)

Fantasy \Fan"ta*sy\, n.; pl. {Fantasies}. [See {Fancy}.]
   1. Fancy; imagination; especially, a whimsical or fanciful
      conception; a vagary of the imagination; whim; caprice;
      humor.

            Is not this something more than fantasy ? --Shak.

            A thousand fantasies Being to throng into my memory.
                                                  --Milton.

   2. Fantastic designs.

            Embroidered with fantasies and flourishes of gold
            thread.                               --Hawthorne.

Fantasy \Fan"ta*sy\, v. t.
   To have a fancy for; to be pleased with; to like; to fancy.
   [Obs.] --Cavendish.

         Which he doth most fantasy.              --Robynson
                                                  (More's
                                                  Utopia).

Source : WordNet®

fantasy
     n 1: imagination unrestricted by reality; "a schoolgirl fantasy"
          [syn: {phantasy}]
     2: fiction with a large amount of fantasy in it; "she made a
        lot of money writing romantic fantasies" [syn: {phantasy}]
     3: something many people believe that is false; "they have the
        illusion that I am very wealthy" [syn: {illusion}, {phantasy},
         {fancy}]
     [also: {fantasied}]