The 3rd Annual Hangout Music Festival is on once again and the Gulf Coast beach fest will take place May 18-20, 2012 at the same Gulf Shores, AL locale. Last year’s lineup included Black Keys, My Morning Jacket, Widespread Panic, Flaming Lips and Foo Fighters and the initial major artist lineup announcement for the 2012 edition should be out in the coming weeks. At present the festival has not announced any artists but a limited amount of discounted early-bird tickets for $159 go on sale next Friday, November 18 at 10 a.m. CST. In addition, beach-front accommodations can be reserved now by going here.