Slang of the Day- "hangout" hangout Definition: A place where friends can pass the time; a place to relax. Example: 1) Our new hangout is the treehouse behind Eric's house. Etymology: 'Hang' literally means 'to be suspended in the air' or 'to swing freely'. As slang, the term refers to being free and doing nothing, just being with friends and relaxing. A 'hangout' is the place where you 'hang out', spending time with friends. (The noun is one word, and the verb is two). http://www.peakenglish.com/slang/dailySlang.jsp