"Fantasy Is Reality" is a song recorded by the funk

Funk

Funk is a music genre that originated in the mid-late 1960s when African American musicians blended soul music, jazz and R&B into a rhythmic, danceable new form of music. Funk de-emphasizes melody and harmony and brings a strong rhythmic groove of electric bass and drums to the foreground...

 band Parliament

Parliament (band)

Parliament was a funk band most prominent during the 1970s. It and its sister act Funkadelic, both led by George Clinton, began the funk music culture of that decade.-History:...

. It was the only single

Single (music)

In music, a single or record single is a type of release, typically a recording of fewer tracks than an LP or a CD. This can be released for sale to the public in a variety of different formats. In most cases, the single is a song that is released separately from an album, but it can still appear...

 released from the band's 1977

1977 in music

This is a list of notable events in music that took place in the year 1977.-January–February:*January 1 – The Clash headline the gala opening of the London music club, The Roxy....

 album Live: P-Funk Earth Tour

Live: P-Funk Earth Tour

Live: P-Funk Earth Tour is a 1977 Parliament live double album that documents the band's P-Funk Earth Tour of that year. The performances include songs from Parliament's albums through The Clones of Dr. Funkenstein as well as songs from the Funkadelic repertoire...

. The song was originally recorded during Parliament's period at Invictus Records

Invictus Records

Invictus Records was an American record label based in Detroit, Michigan created by Edward Holland, Jr., Lamont Dozier and Brian Holland...

.

Unlike the bulk of Live: P-Funk Earth Tour, "Fantasy Is Reality" was recorded in the studio, as was its B-side, "The Landing (Of the Holy Mothership)". "Fantasy Is Reality" was cut from the album's 1991 CD reissue

Reissue

A reissue is the repeated issue of a published work. In common usage, it refers to an album which has been released at least once before and is released again, sometimes with alterations or additions....

, but was included on the Parliament compilation album Tear the Roof Off 1974-1980

Tear the Roof Off 1974-1980

Tear the Roof Off: 1974-1980 is a 2-CD compilation album by the funk group Parliament featuring songs recorded for Casablanca Records during the band's career with that label from 1974 to 1980. The compilation was released in 1993...

. It reached number 54 in the U.S. on Billboard

Billboard (magazine)

Billboard is a weekly American magazine devoted to the music industry, and is one of the oldest trade magazines in the world. It maintains several internationally recognized music charts that track the most popular songs and albums in various categories on a weekly basis...

's Hot Soul Singles

Hot R&B/Hip-Hop Songs

Hot R&B/Hip-Hop Songs, is a chart released weekly by Billboard in the United States.The chart, initiated in 1942, is used to track the success of popular music songs in urban, or primarily African American, venues. Dominated over the years at various times by jazz, rhythm and blues, doo-wop, soul,...

chart.