The term 'Fancy Boat' can be summed up as a YACHT, which is a five-letter word. A YACHT is a recreational boat or ship that is usually used for pleasure cruises and sailing competitions. It is typically larger than other recreational boats and often has luxurious features such as multiple decks, cabins, and a flybridge. Yachts are usually owned by wealthy individuals or companies and are often seen in marinas and ports around the world.