say it: FAN-see
fancy is a noun, verb and adjective meaning "something many people believe that is false". It carries 6 recorded senses.
something many people believe that is false
“they have the illusion that I am very wealthy”
imagination or fantasy; held by Coleridge to be more casual and superficial than true imagination
“never had the wildest flights of fancy imagined such magnificence”
a predisposition to like something
“he had a fondness for whiskey”
“she had dismissed him quite brutally, relegating him to the status of a passing fancy, or less”
Forms marked · are formed by the regular rule rather than recorded in the source data. English keeps a few hundred irregulars and the rest follow the pattern, so the rule is right far more often than not — but it is a rule, and the mark says so.
Definitions, synonyms and semantic relations for fancy come from Princeton University’s WordNet. The pronunciation comes from the CMU Pronouncing Dictionary. Commonness is measured against a corpus of everyday English. Full sources and licences.