The Collaborative International Dictionary of English v.0.48:
Fancy \Fan"cy\, a.
1. Adapted to please the fancy or taste, especially when of
high quality or unusually appealing; ornamental; as, fancy
goods; fancy clothes.
2. Extravagant; above real value.
This anxiety never degenerated into a monomania,
like that which led his [Frederick the Great's]
father to pay fancy prices for giants. --Macaulay.
Fancy ball, a ball in which porsons appear in fanciful
dresses in imitation of the costumes of different persons
Fancy fair, a fair at which articles of fancy and ornament
are sold, generally for some charitable purpose.
Fancy goods, fabrics of various colors, patterns, etc., as
ribbons, silks, laces, etc., in distinction from those of
a simple or plain color or make.
Fancy line (Naut.), a line rove through a block at the jaws
of a gaff; -- used to haul it down.
Fancy roller (Carding Machine), a clothed cylinder (usually
having straight teeth) in front of the doffer.
Fancy stocks, a species of stocks which afford great
opportunity for stock gambling, since they have no
intrinsic value, and the fluctuations in their prices are
Fancy store, one where articles of fancy and ornament are
Fancy woods, the more rare and expensive furniture woods,
as mahogany, satinwood, rosewood, etc.
WordNet (r) 3.0 (2006):
n 1: goods that are chiefly ornamental