lanternfly \lanternfly\, lantern fly \lantern fly\n. (Zool.) any one of several species of large, handsome, brightly marked, tropical hemipterous insects of the genera {Laternaria}, {Fulgora}, and allies, of the family {Fulgorid[ae]}. The largest species is {Laternaria phosphorea} of Brazil. The head has a snoutlike process in some species which was formerly thought to emit a phosphorescent light. [WordNet 1.5]