I like thekalimist's stand, painted a cool color could blend with dorm decor. Plus the couch allows for those nights when you might "pass out" rather than "go to bed", or if you ain't solo. ;)
Here's an alternative that Turtlelady came up with.
Check out Isheian's version (around post #303), and Olddog's version (post #320). IMO, Olddog's implementation really makes the idea easy to implement:
http://www.hammockforums.net/forum/s...ad.php?t=27777