Hölder's Inequality and the Pigeonhole Principle

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I heard someone in my department claim that Hölder's inequality was just a continuous version of the pigeonhole principle. It seemed reasonable, but I'm struggling to make their connection precise.

Does anyone know of a precise connection between the two? Are they related at all, or was my source confused?

[Edit: Originally this post had "Markov's inequality" instead of Hölder's. I suspect, given my answer below, that my source meant to say Hölder's inequality.]