Frictionless rotating hanger

A rotating hanger device, comprising:

• a tube made of a non-magnetic material;
• a rod supported within the tube via a magnetic levitation assembly housed within the tube;
• and
• a bottom hanging assembly coupled to a bottom end of the rod, and configured for enabling items to be hung on the rotating hanger device,
• wherein a longitudinal axis of the rod is oriented parallel to a longitudinal axis of the tube,
• wherein the magnetic levitation assembly comprises at least one upper magnet disk ring and at least one lower magnet disk ring each including a central opening through which the rod is engaged,
• wherein the upper magnet disk ring and the lower magnet disk ring face one another in a repelling orientation,
• wherein the rod can move up and down and spin about its longitudinal axis with respect to the tube.