There are different ways of viewing the world we live in!
(see link for more on this!)
One common way is to interpret our world as a 4-dimensional space - three spatial dimensions (x, y, z) and the fourth dimension is time (t). Thus, we can denote each coordinate as (x, y, z, t) with time-t evolving. Whereas it is easy to visualize x, y and z coordinates moving, it is not so easy to visualize the time-t moving.. Science-fiction stories and movies like "Back to the future" have played with the idea of 4-D space facilitating the 4-th coordinate (time) movement backward and forward.. (hypothetically with a vehicle). Back to the Future movies got me interested a lot in pondering over this question (space-time travel!!)
In physics, the fifth dimension is a hypothetical extra dimension beyond the usual three spatial dimensions and one time dimension of Relativity. The Kaluza–Klein theory used the fifth dimension to unify gravity with the electromagnetic force (see Wikipedia link below for 5-D space).
A book by Paul S. Wesson (2006) titled - Five-Dimensional Physics: Classical and Quantum Consequences of Kaluza-Klein Cosmology (World Scientific, Singapore) - describes in detail about the hypothetical fifth dimension.
In popular culture, the fifth dimension is often used as a metaphor for unexplored and unknown aspects of the universe.
I have given ample details about the query and I welcome your views - do we live in a 4-D or a 5-D space?
Thank you!
http://en.wikipedia.org/wiki/Five-dimensional_space
https://deniselefay.wordpress.com/2009/05/25/3d-4d-5d-the-stairway-to-heaven/