A holiday light hanging device that is operable to releasably secure a holiday light string and/or a holiday light to a support structure such as but not limited to a roof eave. The holiday light hanging device includes a body wherein the body is formed utilizing a first support member, a second support member and a third support member. The body further includes a receiving member that is contiguously formed with the third support member wherein the receiving member is ring-shaped and is configured to receive a portion of a holiday light string and/or a holiday light. A magnet is further provided wherein the magnet is secured within a housing that is integrally formed into the first support member. A slot and lip are formed on the receiving member so as to facilitate the placement of a portion of a holiday light string in the void.