When some situation is way past the level of plain ol' drama and not quite fantastic (because fantastic can often allude to something positive)--the conflation of the two is dramatastic. It's fantastically dramatic, like drama on a whole other level. It's the kind of thing, no sane person wants any part of.
"Leave my name out of it. I don't want to get involved--it's too dramatastic already!"
A fantastic dramatic moment, usually performed by the ultimate drama queen.
Girl 1: I was so furious with him that I threw a drink in his face and stormed out of the bar.
Girl 2: Wow! That is so dramatastic!
a word that only complete losers use, to describe exciting events
Joe: Wow Connor that math problem was dramatastic! I never saw the answer coming.