Here is the whole thing (mallet and lighter not included for scale). All is pretty good quality though the wood could probably benefit from a quick lacquer or sealant if you wanted to leave it outside permanently.
Legs both break down into two parts, this is the connecting joint.
The stand is not in the exact proper angle (the legs are supposed to be tipped back at a 60 degree angle) in the picture as it was a bit staged. Yesterday we managed to get 4 inches of rain in the matter of 5 hours and though the grass was saturated on the previous test, this time it was down-right impossible to get the stand to function. I hammered the massive stake in, cinched the rope to get the desired angle and got in the hammock. I quickly felt the hammock lose tension so i stood up and the foot long+ stake managed to pull up most of the wet soil and grass with it in a matter of seconds. Tried it again a different spot and again the stake came out in the same fashion.
So with a very loose or saturated soil, the stake DOES NOT HOLD.. i repeat does not hold! If you have a compact soil like any typical lawn with grass and it is not moisture loaded it should function pretty well.