There is a German music band called "Die Toten Hosen". Is it a metaphor or just a creation by this band with no deeper meaning?
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There is the colloquial (youth language) expression
which means "nothing going on" or "off-time.", something that is lacking in energy.
The literal translation is "dead trousers."
I had a teacher that once said that the origin of this expression comes from men with erectile dysfunction. And that's perfectly plausible, it's like your pants (or what you have inside) are dead (nothing happens).
Indeed 'dead trousers' refers to a man with erectile dysfunction, but it has wider cultural use, meaning 'uninteresting' or 'not worth bothering with'.