There are many interpretations of these dreams, but the most common interpretation is that it signifies someone who is wise, confident and noble. In dreams, a fez may signify wisdom or power as it has been used as traditional headgear for Muslim scholars and men in power.
For a man to dream of a fez hat is said to signify the coming of a new order, or even the advent of his own higher self. The dreamer has the opportunity to meet with new people and make friends in society who are at his level.
Another interpretation of a fez hat in a dream is that it represents your beliefs or faith as a person. For example, if you don’t believe in religion, then seeing this hat may represent your lack of faith or spirituality.