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465.00 Ad rates are of October 2000 request and queries contact Janice Mayhew Fantasy Facts in School by Janice Mayhew Webster's dictionary defines fantasy as 1. Imagination or fancy 2. An illusion or reverie. In Kleinmuntz's Essentials of Abnormal Psychology , Fantasy is the gratification of one's desires by creating an imaginary world. Freud identified fantasy as a defense mechanism, something used to substitute an imaginary and wishfulfilling world for a threatening real one.