What do you mean by extravagant hopes? Luxury is a Chinese character, and the pinyin is shēwàng. It means demanding and unattainable expectations. Synonyms are: extravagant ideas, extravagant dreams and extravagant demands. They all refer to unattainable goals, unrealistic hopes, or things that are hard to get, holding an illusory attitude. The antonym is hopelessness and despair.