A space saving hanger comprises a frame for supporting a garment, the frame including a first arm portion and a second arm portion, the first and second arm portions extending outwardly and downwardly from a central portion of the frame; and a hook attached to the central portion, the hook including an extended position and a folded position, the hook extending upwardly from the central portion when in the extended position, and the hook extending downwardly from the central position when in the folded position.