ELYSIUM, n. An imaginary delightful country which the ancients foolishly believed to be inhabited by the spirits of the good. This ridiculous and mischievous fable was swept off the face of the earth by the early Christians — may their souls be happy in Heaven!
2006 Update: A paradise in which heroes, the wholesome, the hospitable and honest can enjoy the acclaim of mortals without disordering our plans.
P.S. I believe Schiller's An Die Freude includes a reference to Elysium. Does anyone remember how that goes?