In the real world, the word "fancy" sometimes implies a negative nuance like "extravagance." In this case, what's the tone of the word?

Native speaker’s answer
Rebecca
Yes, like you said, it depends on the context! In this case, "fancy" is meant in a positive way - it means something special, out of the ordinary. You can see the speaker is wearing a pretty dress and crown or tiara, so it's almost certain she likes fancy things. That means it's very likely she's using "fancy" in a positive way here! Ex: I love your dress! It's so fancy. Ex: This place is too fancy for me. I feel uncomfortable.