A suspended play structure includes a floor, a sidewall, and a roof that defines an inner space. The structure includes top and bottom ring structures that provide additional support to the play structure. The play structure can be suspended from a tree, a stand, a ceiling, or similar structure. The structure is collapsible for easy storage and can also include a removable cushion that can fit within an internal pocket. The structure can also include a removable string of LED lights within the inner space.