similar to hanging out, but done with one's penis exposed
I can't wait to go to the beach after school. I'm gonna hang out with my wang out!
by JT Dollar Sign October 10, 2003
Title for any sort of "chilling", with or without the wang actually out
Can be used by either males OR females
Rosco: "Hey man, what are you doin tonight?"
Tits McGee: "Aww nothin. Just gonna hang out with my wang out!"
by Katie November 18, 2004