verb (used without object), fantasized, fantasizing.
to conceive fanciful or extravagant notions, ideas, suppositions, or the like (often followed by about ): to fantasize about the ideal job.
verb (used with object), fantasized, fantasizing.
to create in one's fancy, daydreams, or the like; imagine: to fantasize a trip through space.
Also, phantasize.
Also, especially British, fantasise.

1925–30; fantas(y) + -ize

fantasizer, noun Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
fantasize or fantasise (ˈfæntəˌsaɪz)
vb (when tr, takes a clause as object)
1.  to conceive extravagant or whimsical ideas, images, etc
2.  (intr) to conceive pleasant or satisfying mental images
fantasise or fantasise

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Word Origin & History

British spelling of fantasize. For suffix, see -ize. Related: Fantasised; fantasising.

1926, from fantasy + -ize. Related: Fantasized; fantasizing.
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
We can all fantasise, but not shout, or do anything much worse in defence of speculation.
Some people, not unexpectedly perhaps, fantasise about celebrities.
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