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To become extremely unfunny on a TV Show or making a complete joke of yourself by stealing other people's memes and reposting them on Twitter. The meaning comes from Elon Musk, who showed up on SNL one time while wearing a Wario costume and then steals memes and reposts them on Twitter.
Dave: Hey Joe, did you see that Lawrence stole and reposted someone's meme on Twitter?
Joe: Yeah, I did. Looks like The Elon Musk Effect has taken effect.
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When you think so outside of the box people think you're crazy, but your idea ends up being way better than anyone thought.
Inspires people to come up with ideas to fix problems we didn't know we had.
Bro 1: "Bro, what if we made rockets that landed themselves upright after their flight, and dug tunnels under Los Angeles so we don't have to deal with traffic?"
Bro 2: "Bro that's crazy....so crazy it might just work."
Bro 1: "Thanks bro, I knew I could inspire you to think like a billionaire toddler. I call that shit the Elon Musk Effect!"
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1) The name of the effect where someone has an idea for a product that is so outside the box, no one thinks it will work, but it works way better than people thought it would.
2) (On Twitter) When Elon Musk links something or references a website, his followers (eg, the musketeers), will immediately click the link, overwhelming the site's servers and acting as a DDOS, meaning only the first several people to click the link will see the page, and the rest will have to wait for the site to die down.
1) Elon Musk: What if... like... we landed rockets on a drone ship in the ocean?
Everyone: lmao good luck with that
Elon Musk: *does it*
Everyone: Guess thats just the Elon Musk Effect
2) Elon Musk: stankmemes.com strikes again
everyone: *goes to site*
everyone: site is down, I blame the Elon Musk Effect.
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