What does the Tarot Hanging Man Mean?

It's actually 'The Hanged Man'.

A young man hangs suspended from a tree by one leg, his hands tied behind his back. Regardless of his predicament, his expression is beatific. Numbered XII, symbolizing salvation, The Hanged Man is not an indicator of death. Rather, his unorhodox, upside down view of life expresses a change of perspective.

Upright Meaning: A need to look at a situation in a completely different way. Old ways of thinking are put aside. Subconscious wisdom is at work here; be guided by your intuition and value it. Alternatively, on a mundane level, this card can also indicate, quite literally, a period of hanging around waiting for the outcome of a major decision, such as a job offer or a pending contract.

Upside Down or Reversed Meaning: A refusal to change or examine your true attitudes. Instead of gaining a fresh perspective, you remain in a limbo of conflict. In the upright position, The Hanged Man is safely tethered to a growing tree supported by his natural insticts. When reversed, he is bound to the earth and fettered by materialism. Consider your approach to a problem and take guidance from your unconscious, or be prepared to waste more precious time.