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According to the rules it goes like this:
The last guy that bet HAS to show. The callers don't have to. So let's say I bet the flop, and 3 guys call, and then turn and river get checked down. Then I have to show my hand. If one of the callers has a better hand, he has to show it to claim the pot, or he can simply announce he doesn't have a better hand and muck it without showing. In this example, you would only get to see all 4 hands if the first caller has better than me, so he shows. Then the guy behind him has even better and shows too. And the last guy shows with the winning hand.
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