Define Hangin' Meaning

when a female has hugh breast or big ass that they are hanging them down

When guyz hang out naked such as skinny dipping or at a nudie party. One cannot hang it and have a woody at the same time.

Stickin' round a certain place,

What nudies do. Hangin out with their buds buck ass naked.

Hungover from the effects of alcohol

could be a male or female who is not to a persons liking. This is usually because the person is basically ugly (fat,spotty..)
This saying is usually used by chavs as it is slang

when a naked man spreads his legs, brandishing a sizable male organ, suspended limb-like

A seriously ugly lookin female, usually overweight with large sagging tits & bad dress sense.
IE. the fat is 'hangin' off her

A cock, originated for Hanging Rock which rhymes with Cock

like saying got'em or owened to someone.