Possible Clues:

• Paper transported as liquid? Fantastic notion!
• Unrealistic idea one might associate with a churchwarden?
• Having played instrument to make hole bigger? Some hope
• A hope that may go up in smoke?
• What many a character in 'The Iceman Cometh' expresses
• Elaborate but unlikely fantasy
• Dickensian character remade novel? Some hope!
• Trimmed some paper? Fancy!
• Pie in the sky
• Is one smoking while asleep? That's impossible