When you're hanging out with a friend who is better looking then you are, and all the girls go for him, the girls that he doesn't want to hook up with trickle down to you and your less attractive buddies. Derived from the term trickle down economics.
Dumbass Buddy: I hate going out with Cory, all the chicks go after him!
Smart Buddy: Dude, just wait for it.
Dumbass Buddy: Wait for what?
Smart Buddy: The trickle down ass. He can't fuck all these girls, and when they realize that, they'll all trickle down to us.