Use it to describe something that gets a lot of attention quickly but fades away just as fast. The new app was a flash in the pan; everyone forgot about it within weeks.
Pro Tip 2/3
Pop culture reference
Often applies to trends or celebrities that briefly capture public interest. That viral dance was a flash in the pan; nobody does it anymore.
Pro Tip 3/3
Not negative
The phrase is neutral; it doesn't blame the person or thing for not lasting. His witty quotes were a flash in the pan, memorable but short-lived.