What does hang loose mean?

I've seen celebrities do this sign with their fingers when they have their thumb and pinky out.And I know it's called hang loose but what does it mean?

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Answers

It's originally a surfer sign, means take life easy and relaxed. Be cool and mellow.

If a little knowledge is a dangerous thing, then that makes me a burning truck filled with TNT hurtling through a rocket fuel depot.

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