Pseudonym for the Red Lobster restaurant. Amongst the rednecks
or white trash
in certain parts of the US, Red Lobster is the pinnacle of fine dining, and is reserved for any special occasion. (Anniversaries, wedding receptions, graduation parties, etc.)
No need to spend a lot of money for our wedding, after we're done at the court house we're going to head on to the Big Red Fancy for dinner.