If you're going to spend money on a hanger, I recommend
the BIB- I have one and the engineering behind it is pure genius. It's very secure and comfortable and it'll allow you to hang heavy for extended periods. If you don't have the funds [and in addition to the Home Made BIB above] you can always make your own low-tech hanger:
The Sock Hanger
IMPORTANT NOTE- DO NOT attempt to hang weights from your penis with an erection or semi-erection! You risk doing GREAT DAMAGE to your penis if you do!
There are a few penile weight hanging devices out there on the market. Many of them are expensive, uncomfortable, and have a short lifespan.
Here's how to create a COMFORTABLE weight hanger with a few items you'll likely find around your house! It's called "The Sock Hanger":
You'll need a [clean] cotton athletic sock, 2 lengths of twine or 2 shoelaces (at least 3 feet each), and something to add weight to the device (small weight disks, an emptied milk jug, etc.)
Fold the open end of the sock over on itself until you have an adequately thick layer of padding. Then, place your penis into the open end of the sock (it helps if your penis is semi-erect.)
Using one of the lengths of twine, secure the sock to your penis by looping the length of twine around the padded area and tying it off fairly tight (NOTE- use a knot similar to the knot that you use to tie your shoes or a slip knot... just in case you need to remove the hanger QUICKLY!)
Using the other length of twine, tie one end of the twine to the empty end of the sock, and tie the other end to the weight.
If you're using an emptied milk jug, add water or sand to achieve the desired weight.
It's VERY important that you don't hang for more than 15 minutes straight! After 15 minutes of continuous hanging, remove the hanger and massage your penis for at least five minutes. Wait a total of 15 minutes before attempting to hang again.
IMPORTANT!!!- Under NO circumstances should you start weight hanging with more than 2 or 3 pounds. Work up in weight SLOWLY! You can cause a lot of damage to your penis if you overdo it! Also, hanging should NOT be painful or cause extreme numbness!
Advanced Hanging for Repetitions
Here's an advanced method of hanging that will help you add more length than you ever though possible! Before starting this advanced method, hang light for about 5 to 10 minutes to adequately prepare the penis for the intense stress to follow!
To perform the "Advanced Hanging for Repetitions" method, find someplace to sit where, with your rear end on the edge of the seat, your legs will bent at the knee at a slightly greater than 90 degree angle.
Set up your Sock Hanger with a heavier weight that you normally use, but set it up in a way to where, while leaning forward a bit, the weight will [barely] be touching the ground. Now lean back a bit so that the weight is raised off of the floor.
Lower and repeat.
Start off with about 50 repetitions and work up from there.
Some other advanced hanging techniques can involve:
- Swinging the weight a bit while hanging
- "Stripping Sets"- where you hang heavier than normal and strip the weight every few minutes
- Leaning back while hanging. BE CAREFUL! You WILL feel an intense stretch doing this!
- Getting up and walking around while hanging (using light weights!) The act of walking will cause movement and some slight jarring which will put extra stress on the penis.
Make a penis weight hanger- with routine! 
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