(the) emperor has no clothes

(the) emperor has no clothes
the ˌemperor has no ˈclothes idiom
used to describe a situation in which everybody suddenly realizes that they were mistaken in believing that sb/sth was very good, important, etc.

Soon investors will realize that the emperor has no clothes and there will be a big sell-off in stocks.

From the story of The Emperor's New Clothes by Hans Christian Andersen, in which the emperor is tricked into thinking he is wearing beautiful new clothes and everyone pretends to admire them, until a little boy points out that he is naked.
Main entry:emperoridiom

Useful english dictionary. 2012.

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