"Champagne wishes and caviar dreams" is the famous catchphrase of Robin Leach. According to Rap Genius, the catchphrase comes from a television series, hosted by Leach, called "Lifestyles of the Rich and Famous."
The catchphrase has been referenced in various rap songs and elsewhere in pop culture. The phrase appears in its entirety in the song "Fast Life" by Kool G. Rap featuring Nas. Rap Genius notes that Leach ended every episode of "Lifestyles of the Rich and Famous" with the phrase, with the intent to wish his viewers the finest things in life. According to IMDb, the series premiered in 1984.