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2.
An unimpressive rich person OR someone who behaves like one. Usually meets any of the following criteria:

a. they buy and own expensive things they dont really appreciate, simply because thats what other rich people buy (i.e. Ferraris, Harleys, pad in Bali)

b. they are useless to the rest of us.

c. we envy them
American adventurers preparing to raft a river in a foreign country. They are decked out with $10000 worth of titanium paddles, bright little suits, and gear from REI:
"these rapids are super class 9 alpha! maybe you should ride in our certified raft?"

Guide floating away in 20 year old canoe, smoking a cig:
"...fancy lads..."
by johnjohn April 16, 2004
 
1.
1. I guy who is very "girly". Has rosie cheeks and prances around like a nancy boy. Dresses with flare.
2. Someone who says he isn't gay but acts like a fag all the time.
I work with a bunch of Fancy lads and I would be wrong to beat them.
Tyler looked like a Fancy Lad in his new car.
by Jimboozie October 14, 2003