Is Reality... Real?

I don't consider 'reality' to even be a meaningful term.  How do you even define what 'real' is?  Perhaps it's just your current conscious experience.  For example when you are dreaming (non-lucid), you are effectively removed from your waking reality and inside a different one.  Without a conscious connection to your waking reality it no longer exists for you at that moment.

When you wake up, the reality then reverts back to your previous state.  When I'm in a non-lucid I dream I have no idea or connection to my normal waking life.  At that moment it doesn't even exist in my conscious mind.

Perhaps 'death' is us waking up again to a different state of consciousness.  Who knows, when this happens we may be like 'oh crap' I had totally forgotten I was plugged into this 'earthly life' experience (an example of total immersion).

In a nutshell I would say that 'reality' is defined by the current state of the individual's consciousness.  Given that assumption, reality is not really fixed at all and can be different for different individuals.

This stuff is pretty meta and virtual reality if nothing more can get you thinking about what the definition of 'real' is.

Matrix, Dark City, Inception come to mind as films explore this topic in interesting ways.