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Adjective: extravagant  ik'stra-vu-gunt or ek'stra-vu-gunt
  1. Unrestrained, especially with regard to feelings
    "extravagant praise";
    - excessive, exuberant, overweening
     
  2. Recklessly wasteful
    "extravagant in their expenditures";
    - prodigal, profligate, spendthrift

See also: unrestrained, wasteful