Let's see, I wonder if it's possible to pick out which character is having which fantasy. The weird thing is, it looks like Belkar's isn't being shown.
First: Roy. He's smugly triumphant here.
Second: Roy. Durkon is back and Belkar is dead.
Third: Roy. Again, he's the main participant.
Fourth: Elan. One big semi-happy family.
Fifth: Haley. Tsukiko going down, Resistance winning, Thanh.
Sixth: Roy. Reconciled with dad.
Seventh: Roy. Rejoicing over Belkar's demise.
Eighth: Haley. Ian is approving, Bozzok is defeated.
Ninth: Roy. Giant statue of him (man, he really does crave fame and recognition, doesn't he??), Julia ticked off.
Tenth: Uncertain.
Eleventh: Elan. The hopeless romantic.
Twelfth: Haley. Gold, gold, gold!!!!
Thirteenth: Elan. Who else with puppets?
Fourteenth: Roy. Durkon's alive and they're partying.
Fifteenth: Elan. Woooooo! I'm riding a dinosaur!!!
Sixteenth: Haley? Involves Azure City or Sapphire Guard in some way.
Seventeenth: Who the heck???? MitD and O-Chul? What's going on here???
Eighteenth: Elan. Elan with a lollipop.
Nineteenth on: Indistinguishable. I think V is in #19, but beyond that it's too small to see. The others are probably just blank.
Who is imagining the MitD hanging around with O-Chul????