“That's a fancy-looking new camera you've got there.”
You're with a friend of yours in a park. You notice that he has a new camera that looks expensive. You want to say something about it in a playful way.
That's a fancy-looking new camera you've got there.
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"Fancy" things are high-quality, expensive, and sophisticated.
People who aren't rich or sophisticated tend to use the word "fancy". It sounds like a word that someone from the country uses when talking about things that rich people have. For example:
I may not have fancy clothes or an expensive car, but I work hard for my money.
In the example above, the speaker might have used the word "fancy" as a joke.
You can put "-looking" on the end of an adjective to show that it's specifically talking about how something looks:
We went out to a really trendy-looking restaurant.
That's a (adjective)(noun) you've got there.
When you want to start a conversation about something that a person has, use this phrase. It sounds casual and fun:
That's an awfully big hat you've got there.
That's a nice car you've got there.