Mr. Moneybags----and flauccinoccinihilipilification

The longest word in the English language is flauccinauccinihilipilification I HAVE also SEEN it spelled floccinoccinihilipilification or flauccinoccinihilipilification. The word has 31 letters, 14 vowels, and 12 syllables. (Remember that every syllable must have a vowel or vowel sound in it. The second longest word is antidisestablishmenttarianism. This word has 29 letters, 11 vowels, and 11 syllables. From what I have taught you about syllables, you should be able to divide each word into the twelve and eleven syllables. What do these words mean? Do you care? Well, if you double click on each word, you will find the definition in our dictionary. !DON'T CLICK ON THE WORDS! I would like you to INFER what the first word means from the following story:
Mr. Moneybags
When I was a little boy, there was a man in the neighborhood who was called "Mr. Moneybags". I don't remember his real name. Mr. Moneybags had a strange habit. He smoked cigars and lit them with fifty dollar bills! (Strange man.) He also enjoyed standing on the Lake Quinsigamond bridge and dropping one hundred dollar bills into the lake. He wanted to see if they would float or sink.
One day as I was walking home from school, I met Mr. Moneybags. He was sitting next to the sewer and dropping bags of coins into the sewer.
I said, "Mr. Moneybags, what are you doing?

Mr. Money bags: " I like to hear the splash."

I said: "Are you crazy?"

Mr. Moneybags: "No, I am not crazy, but I do have a problem."

I said: "What is your problem?"

Mr. Moneybags: I suffer from flauccinoccinihilipilification!"

I left him by the sewer and ran home.
This is the end of the story. I have two questions for you for Monday:
l. Is the story fact or fiction ?
2. What does that big word mean? Did you infer or use the dictionary?