“Pants on the Ground” — the latest viral video sensation from “American Idol” contestant Gen. Larry Platt — is a great little ditty that looks to have staying power. But parental lamenting about kids with pants that hang too low will have little impact on a fashion trend that is likely to continue for some time.

The good news is, though, that despite whether or not the latest viral video sensation creates a run on pants, a recovering economy should help these three hip clothing stocks.

Clothing Stock #1 – Aeropostale Inc. (ARO)

If you want jeans and you like them cheap, you have to check out Aeropostale Inc. (ARO).

The hip retailer is a big hit with the budget-conscious youth shopper looking for trendy but cheap. Because of this focus on thrift, the company has withstood the worst recession in decades in fine form.

At around $34, shares trade above levels reached before the crisis started in late 2008. Indeed, the stock sold off initially, but shares have recovered on the strength of operating performance. At current levels shares are just over 10 times current year earnings estimates. That’s cheap considering the economy strengthening will likely help sales and profits at the company.

Clothing Stock #2 – The Buckle (BKE)

If you are looking for hip denim products, head over to The Buckle (BKE). The former Mills Clothing Inc. has built a powerful retail presence over the last two decades operating approximately 400 locations across the country.

Like ARO, BKE shares have recovered from lows reached last March, but are below levels reached in May. The stock is essentially trading sideways for much of the last few months as traders speculate about the future. Mainly, will earnings growth support a higher stock price?

At the moment, analysts expect flat growth from current year ending January to next year. A “pants on the ground” rally may help the company deliver stronger operating results. If so, this stock goes higher.

Clothing Stock #3 – Carter’s (CRI)

Do you want Junior to have his or her pants on the ground? If so, get on over to Carter’s (CRI). The apparel company for babies and young children has a wonderful selection of denim products that would make General Larry Platt proud.

CRI shares have nearly doubled since bottoming in March, and rightly so. The stock is still cheap considering analysts are expecting double-digit earnings growth in the next year. Buying at 12 times earnings today makes sense.

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