I have one and you can either hang is, or stand it against something. He will almost stand on his own, but needs a little help. Walmart.com has him on clearance for 48 dollars with free site to store shipping. I thought he was worth it.
Originally there was a stand that was available for him, that's what the loop on the back of his neck is for. I haven't seen the stand available for at least 3 years....but it was about $40. That's probably what caused it's demise.
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Obviously one must hold oneself responsible for the evil impulses of one's dreams. Sigmund Freud