Abstract: A collapsible garment hanger and storage device therefor, the hanger including a central upstanding support formation carrying an opposed pair of garment engaging arm formations connected at their innermost ends in next adjacent relation to the lowermost region of the support formation so as to swing from a collapsed upper limit position closely flanking the central support formation to a lower limit garment supporting position projecting outwardly in cantilever fashion therefrom, the central support formation and arm formations having dimensions and a configuration such that the hanger takes on a streamlined or arrowhead-like configuration so as to easily pass through the neck opening of the garment and upon release of the arm formations within the garment to smoothly engage with the inner shoulder regions thereof and descend therewith to the lower limit garment supporting disposition; the hanger presenting a ring-like extension lowermost for grasping the hanger for suspending same in upside down collapsed d