In the future, everyone will be world-famous for 15 minutes.
Benjamin H.D. Buchloh suggests that the core tenet of Warhol's aesthetic, being "the systematic invalidation of the hierarchies of representational functions and techniques" of art, corresponds directly to the belief that the "hierarchy of subjects worthy to be represented will someday be abolished," hence anybody, and therefore "everybody," can be famous once that hierarchy dissipates, "in the future," and by logical extension of that, "in the future, everybody will be famous," and not merely those individuals worthy of fame.
On the other hand, wide proliferation of the adapted idiom "my fifteen minutes" and its entrance into common parlance have led to a slightly different application, having to do with both the ephemerality of fame in the information age and, more recently, the democratization of media outlets brought about by the advent of the internet. In this formulation, Warhol's quote has been taken to mean: "At the present, because there are so many channels by which an individual might attain fame, albeit not enduring fame, virtually anyone can become famous for a brief period of time."
There is a third and even more remote interpretation of the term, as used by an individual who has been legitimately famous or skirted celebrity for a brief period of time, that period of time being his or her "fifteen minutes."
John Langer suggests that 15 minutes of fame is an enduring concept because it permits everyday activities to become "great effects." Tabloid journalism and the paparazzi have accelerated this trend, turning what may have before been isolated coverage into continuing media coverage even after the initial reason for media interest has passed.