stuff dreams are made of

I was working on a grad school statement of purpose and wanted to use the term "the stuff dreams are made of". So i decided to google that term. I came upon this rather informative website: http://www.enotes.com/shakespeare-quotes/we-such-stuff-dreams-made   

Apparently, the phrase might have come from Shakespeare's the Tempest:

Prospero:
Our revels now are ended. These our actors,
As I foretold you, were all spirits, and
Are melted into air, into thin air:
And like the baseless fabric of this vision,
The cloud-capp'd tow'rs, the gorgeous palaces,
The solemn temples, the great globe itself,
Yea, all which it inherit, shall dissolve,
And, like this insubstantial pageant faded,
Leave not a rack behind. We are such stuff
As dreams are made on; and our little life
Is rounded with a sleep. 

I had no idea what this meant. But the explanation floored me. Basically the quote was saying all the parties, skyscrappers, all that we inherit, the earth itself, and everything in it, will all fade away, as if it were a dream  (btw revels=parties). from dust we came and to dust we will return.

james 4:14 - What is your life? For you are a mist that appears for a little time and then vanishes