spending much more than is necessary or wise; wasteful: an extravagant shopper.
excessively high: extravagant expenses; extravagant prices.
exceeding the bounds of reason, as actions, demands, opinions, or passions.
going beyond what is deserved or justifiable: extravagant praise.
Obsolete. wandering beyond bounds.

1350–1400; Middle English < Medieval Latin extrāvagant- (stem of extrāvagāns), present participle of extrāvagārī, equivalent to extrā- extra- + vagārī to wander

extravagantly, adverb
extravagantness, noun
overextravagant, adjective
overextravagantly, adverb
unextravagant, adjective
unextravagantly, adverb

1. imprudent, spendthrift, prodigal. 2. immoderate, excessive, inordinate. 3. unreasonable, unrestrained, fantastic, wild, absurd, preposterous.

1. prudent, thrifty. 2. moderate. 3. reasonable.
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Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
extravagant (ɪkˈstrævəɡənt)
1.  spending money excessively or immoderately
2.  going beyond usual bounds; unrestrained: extravagant praise
3.  ostentatious; showy
4.  exorbitant in price; overpriced
[C14: from Medieval Latin extravagāns, from Latin extra- + vagārī to wander]

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Word Origin & History

late 14c., from M.L. extravagantem, originally a word in Canon Law for uncodified papal decrees, prp. of extravagari "wander outside or beyond," from L. extra "outside of" + vagari "wander, roam." Extended sense of "excessive, extreme" first recorded 1590s; that of "wasteful, lavish" 1711. Related: Extravagantly.
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
Fuzzy down feathers keep birds warm, while extravagantly curved feathers
  attract mates.
Extravagantly aided poor countries have grown no faster than unaided ones.
They may be more likely to commit the sort of extravagantly violent crimes that
  attract stiff sentences.
Corn seems an extravagantly large plant for such a small yield of edible
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