One of those fancy ideas (5)
I believe the answer is:
dream
'fancy ideas' is the definition.
'dream' can be an answer for 'fancy' (both can mean a fantasy). I am not certain of the 'ideas' bit.
I cannot understand how the remainder of the clue works.
Can you help me to learn more?
(Other definitions for dream that I've seen before include "Armed (anag)" , "Sleeper's vision" , "Nocturnal vision" , "Fantasy; imagine" , "Switch off" .)