Noun extravagance has 3 senses
  1. extravagance, extravagancy - the quality of exceeding the appropriate limits of decorum or probability or truth; "we were surprised by the extravagance of his description"
    --1 is a kind of excess, excessiveness, inordinateness
  2. extravagance, prodigality, profligacy - the trait of spending extravagantly
    --2 is a kind of improvidence, shortsightedness
  3. extravagance, prodigality, lavishness, highlife, high life - excessive spending
    --3 is a kind of waste, wastefulness, dissipation
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