Land of fabulously entertaining nights (6)

I believe the answer is:

arabia

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'land' is the definition.
(Arabia is an example)

I cannot understand how the rest of the clue works.

(Other definitions for arabia that I've seen before include "'All the perfumes of ... will not sweeten this little hand' (Lady Macbeth)" , "where many travel in caravans" , "Asian peninsular" , "Peninsula in southwest Asia" , "TE Lawrence's milieu?" .)

I've seen this clue in the Evening Standard.

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