The term 'schmancy' is a slang word used to describe something that is FANCY or luxurious. The crossword solutions for this term are 'FANCY' (5 letters), 'OOH' (3 letters), and 'OOHLALA' (7 letters). All of these words are used to express admiration for something that is considered to be high-end or luxurious. 'FANCY' is the most common way to express admiration for something that is luxurious, while 'ooh' and 'ooh lala' are more informal expressions of the same sentiment.