1.
If you hang out clothes that you have washed, you hang them on a clothes line to dry.
I was worried I wouldn’t be able to hang my washing out.
PHRASAL VERB : V n P , also V P n (not pron)
2.
If you hang out in a particular place or area, you go and stay there for no particular reason, or spend a lot of time there. ( mainly AM INFORMAL )
I often used to hang out in supermarkets...
We can just hang out and have a good time.
PHRASAL VERB : V P adv / prep , V P
see also hangout