I used to use 5 metre long straps at each end of the hammock, tied up pretty much like this ....

00:37 in

http://www.youtube.com/watch?v=KE7dx0WJo9o


I switched to whoopies and straps last year, in the colder months I prefer the simplicity of the webbing straps, if I'm not hiking far or I'm in the canoe then I'll grab the straps.