A term often used to describe two people who, as the name suggests, hang out but also bang. Similar to friends with benefits.
Jake: So are you and Stephie fucking all the time?
Andrew: Nah man we're hangin' and bangin', a little column a and a little column b!
Jake: Lucky bastard.
Andrew: Nah man we're hangin' and bangin', a little column a and a little column b!
Jake: Lucky bastard.
by Spudda87 July 01, 2013