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1.
Less serious than getting together or dating. Spending time with someone in the context of friendship or in the context of casually exploring whether you like someone as just a friend or maybe more than a friend.
I'm gonna hang out with my best friend this weekend. We should hang out some time.
od uživatele Caleban 07. Srpen 2006
 
2.
A place where people can hang out. Duh.
After a long night in chinatown, my favorite hangout is a little karaoke bar on grand street.
od uživatele Frankie1969 18. Červenec 2009
 
3.
1) to spend time with friends
2) or anybody else
My mom: Let's hang out
Kristen: How about not.
Some Boy: Lets hang out at the movies baby
Kristen: EWWWW! How about not!
od uživatele SakuraSaku 16. Říjen 2006
 
4.
To walk around chilling on the streets. Maybe eating out while walking.
Hey Jessica, wanna hang out around Mcdonald's tonight?
od uživatele sheepster 09. Leden 2006
 
5.
According to Aileen Ward's biography of John Keats (English poet (1795-1821), who took an interest in English slang of the day, "hanging out" connoted "stopping at a tavern," i.e. spending time drinking, which fully comports with the modern sense of the slang expression. This indicates that the phrase was current in London in 1816 at the latest!
"Hey, Keats, man: Byron and some of the other poetic dudes are planning to hang out at Jack Straws before we go to sup. Like to join us?"
od uživatele Prince Andrey 14. Červenec 2009
 
6.
verb (informal)
to socialize with in public

Comes from the formal meaning of "hang out": to protrude or stick out. Hence, the use of "out" for public. Not to be confused with "hang with", which is an umbrella term that includes socializing publicly or privately.
Friend: "Dude, you never hang out with me anymore."
You: "Not true: even though I don't get out of my house much, I still socialize with you on Facebook, which can be seen by other people."
Friend: "Touché."
od uživatele Prior Analytics 08. Březen 2012
 
7.
Getting smashed with all the lads
"Hey guys scott has a sixty of Kraken lets hangout!"
od uživatele BlackDuringSummer 23. Leden 2012