Source : Webster's Revised Unabridged Dictionary (1913)

Phantasy \Phan"ta*sy\, n.
   See {Fantasy}, and {Fancy}.

Source : WordNet®

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