To all the answers already posted I'd add:
To chase a [chimera][1]chimera:
- a fanciful mental illusion or fabrication.
- In Greek Mythologya chimera was a fire-breathing female monster usually represented as a composite of a lion, goat, and serpent. It is now used an unattainable goal.
The Free dictionary [1]: http://www.thefreedictionary.com/chimera