adj. Unnecessarily extravagant; fancy, with modifier ass usually used ironically for humorous effect to play down pretensions that might be associated with refering to the object's exorbitance, or to sarcastically refer to an object that is outmoded or of inferior quality.
Would you care for a ride in my fancy-ass automobile?
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when you put a tea spoon full of caviar on someones but hole and proceed to toss the salad.
i brought the caviar! tonight i'm having your fancy ass!
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Something that is very, very fancy
Damn, that pair of headphones are some fancy ass shit
Derogatory term for number crunching simulation simulation software.
That sports sim is nothing but a fancy assed calculator.
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Sweetened ice tea from a can. (Like peach peace tea)
Yo! Give me some of that fancy ass bong water brooo!