To dream of a masquerade ball represents situations people are enjoying lying or being “full of shit.” It may reflect situations where you are lying to friends or family. Enjoying yourself being a giant poser, fake, or something that you’re not. Thinking others are fools because telling a lie to help yourself is too easy.
Negatively, dreaming about a masquerade may reflect problems being yourself or being honest about yourself. Fooling others with lies. Feeling good lying to people’s faces and getting away with it. Telling a “beautiful lie.”