Fancy Ethernet – generalised term used to describe Converged Enhanced Ethernet (CEE). Also used for Cisco’s trademarked and proprietary superset known as Data Centre Ethernet (DCE).
Largely used because saying “Converged Enhanced Ethernet” five times really fast will cause spit to come out of your mouth. Equally saying Cee-Eee-Eee is wussy, and DCE is confusing with several dozen other marketing terms.
Thus in the meeting “with the Fancy Ethernet with can deploy a zero loss, low latency Ethernet fabric for our data centre”. Works much nicer.