What's your favorite hammock suspension system, and what does it weigh?

Over the weekend, I made my first hammock with Wal-Mart ripstop and added 11' of hardware-store tie-down straps on each end, which weigh about 2.5-3 oz. each -- don't remember precisely. Doing the Speer wrap provided quick and somewhat satisfying results, except that I think the straps are stretching (mystery fiber, could be nylon for all I know). So, before I start madly ordering rings, buckles, Spyderline, etc., I'd like to hear about the weight tradeoffs of the more elaborate suspension systems.

Thank you! With what I've learned here, I've managed not to fall on the ground yet!