This is one of the most common slang phrases in spoken English. You absolutely need to know how to use this one.
Sometimes we pronounce this as “Hangin out”
If you are “hanging out” it means that you are spending time relaxing either by yourself or with friends. Native speakers never say “playing with my friends” instead we say “hanging out with my friends”.
Here is a real conversation:
Gary: What did you do last night?
Sarah: Not much. I just hung out with a couple of friends from work.
I hope you enjoyed that lesson! I am sure it will be helpful for you. In today's world, it's important to sound great when you speak English with native speakers. Click on the link for an amazing program to Learn a REAL American Accent