The Hanged Man represents reversal of view. The significance of this card is that everything isn`t as it appears to be on the surface.
The man appears to be hanging but in fact he is in perfect control and balanced and centered within himself. He sees all of the others with their problems and the err in their ways and yet they look at him as though he is upside down, when in fact, he has perfect vision.
The card is symbolic of sacrifice / suspension / letting go / new ways of thinking / relationship with some dear ones. It usually describes about the sacrifice part in the querent`s life. A time for a new and deep perspective.