"I knew what I was buying and feel there is a place for fantasy chips in the hobby."

I agree, I have several 100 fantasy chips.
But, I make a distinction between some and others.
Your "Rat Pack" and "Elvis" fantasy chips were made in LV on a guys kitchen table and no royalties paid on them. Let him know which "Elvis" picture is your favorite and he can have it ready for pick up by noon. In fact, you could buy a blank at GGS for 70¢ and make the same thing on your computer at home. You could also pick up any Bud Jones $1 chip and switch out the inlay in a few minutes and make your favorite "Rat Pack" picture into a chip.

At The Palms chip show in November, I personally warned this guy, (with a security guard at my side) if he tried to sell one of these things, I would have him trespassed warned from the property.

No, I won't add this type fantasy chip to my collection.