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The word "南柯一梦" is formed by combining the place name "南柯" (Nanke, meaning "southern branch") from a Tang dynasty story where a man dreams of governing this realm, with "一梦" (one dream) to literally mean "a dream of Nanke", thus encapsulating the story's event into a fixed phrase referring to an illusory or fleeting experience.

Word Definition - 南柯一梦

nán kē yī mèng lit. a dream of Nanke; fig. dreams of grandeur