In a March 22, 1973 meeting between Richard Nixon, John Dean, John Ehrlichman, John Mitchell, and H. R. Haldeman, Ehrlichman incorporated the term into a new and related one, "modified limited hangout".[3][4]
The phrase was coined in the following exchange:[5]
“ PRESIDENT: You think, you think we want to, want to go this route now? And the — let it hang out, so to speak?
DEAN: Well, it's, it isn't really that —
HALDEMAN: It's a limited hang out.
DEAN: It's a limited hang out.
EHRLICHMAN: It's a modified limited hang out.
PRESIDENT: Well, it's only the questions of the thing hanging out publicly or privately.
”
Before this exchange, the discussion captures Nixon outlining to Dean the content of a report that Dean would create, laying out a misleading view of the role of the White House staff in events surrounding the Watergate burglary. In Ehrlichman's words: "And the report says, 'Nobody was involved,'
https://en.wikipedia.org/wiki/Limited_hangout