This invention provides a combination clip and hook (clip) for use generally in suspending articles having shoulder or hand straps, or carrying other accessories, such as keys, which is rotatably movable about a rotary joint between a first position in which two opposing rotatably joined portions of the overall clip structure are onented together to form a continuous, enclosed shape that can be secured around another strap or loop on an item or piece of clothing, and a second position in which the two portions of the structure are rotate out of the enclosed shape, and into, for example, a substantially S-shaped hook in which one portion of the structure supports the strap of the item and the other portion can be applied to a clothing hook, chair back, table surface, door top, or other supporting member.