The object in question is approaching a point of inevitable failure.
A car approaches, smoking, rattling and is obviously going to break down.
Dude 1: Dude, that car sounds awful!
Dude 2: Its hanging its bag out!
When you are banging a Christian girl who can’t have sex till marriage so you rub the lips within the vaginal area
“Nah dude she wouldn’t let me hit so we just had to hang out in the lips for a bit”
Every year the 1st of October comes around you hang out with ur besti/bff
Today is National hang out with ur besti/bff day can’t wait to go sing with lady gaga
An empty threat made in response to perceived asshole-ery, typically via text message.
If you are an asshole then maybe we won't hang out Sunday.
Apart from the original Richard Keys usage of the phrase, to hang out the back of something can be used as an expression of approval of something well done.
(after eating a good meal cooked by a friend) "that pasta was great, you really hang out the back of it"
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To rock out with your cock out, relax. Usually said between men, when nobody is around.
"hey brhaody is around, we have the fight on and our Redbulls in hand-picked time to let yo banana hang out.
Verb phrase. To start a business.
This refers to old shops or guilds in the 1800's and before, where their business name was carved on a piece of wood called a shingle, which they would hang out over their front door for pedestrians to see.
"Your sister graduated Law School last week? When will she hang out a shingle?"