late 13c., "a loop of rope" (in nautical use), probably from a Scandinavian source such as Old Norse hönk "a hank, coil," hanki "a clasp (of a chest);" ultimately related to hang (v.). From 1550s as a length of yarn or thread.
hang-glider
hanging
hangman
hangnail
hangover
hank
hanker
hankering
hanky-panky
Hannah
Hannibal