blue-sky
v.— «He insisted he was merely “blue skying” the idea. He swore he had never used the report, which he had promoted while at NIAAA, to solicit loans from banks to build a private treatment center.» —“The Washington merry-go-round” by Jack Anderson, Les Whitten The News (Frederick, Md.) June 11, 1975. (source: Double-Tongued Dictionary)