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Hagging Out 

The act of spending time with your close friends, be it swimming, driving or just sitting on your asses. Derived from an incorrect spelling of Hanging out. Usually accompanied by a claw-like gesture to indicate that you do, in fact, mean hagging out.
Hey man, wanna hag out tonight?

We're totally Hagging out! You should join!

I'm so tired of hagging out with him! It's so boring!
Hagging Out by SabbathJustSabbath December 23, 2010
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Leave the nuts hanging out

Another name of sex or intercourse. When the male inserts his penis into his partner to were the only visible thing is his balls hanging.
Dan:"I got with that girl from the party last night"
Joe:"you leave the nuts hanging out"
Dan:"Damn right"

Bacci hanging out the tin 

When you can see pubic hair flourishing from the seems of ones under garments/pants/knickers/boxers.
Guy: Fuckin hell love, look at that bacci hanging out the tin.

Girl: I know darling, I need a shave.

hanging out my shingle 

When a professional (especially a lawyer), rather than looking for a job, just goes and finds clients. This takes guts and a willingness to work constantly for precious little money in exchange for autonomy.
Law student 1: Hey, you made top 10%. I bet you could get that $160,000 opening at Rob, Ewe, and Howe!

Law student 2: Fuck those guys. I don't want to kiss ass for the next 20 years. I'm hanging out my shingle.

Hanging out of my arse

"Mate, i feel so rough, I am hanging out of my arse"
Hanging out of my arse by jenm December 4, 2004

Hanging out with Howard Finkel 

Brian: Oh yeah!
Shane: What are you doing, Brian?

Brian: I'm hanging out with Howard Finkel.

hanging out 

to socialize with your friends, whether it is of your choosing or not; most of the time the term is uesd to refer to a type of fun.
me n chip were hanging out.