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1) not going out, hanging out in a private setting as opposed to a public night on the town.

2) when a man feels a physical need to have sex due to a built-up accumulation of sexual fluids.
I'm hanging low tonight baby so let's forget about your prom and hang low at my place so we can get it on and you can graduate to a new level of extacy!
by G. Atkinsoni August 08, 2006
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2
When a guy, for whatever reason, has found himself with nothing between himself and his Levi's.
Joe failed to do laundry for a month and the funk was so bad, he couldn't find any acceptable underwear; he had to go to work "hanging low."
by Georgia-J January 29, 2008
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