Step 1: Materials and Tools.
-chain- 10' for $9.98 from Lowes
-18 gauge steel galvanized wire (wire from a coat hanger might work as well) - had this from previous projects, but $4.88 from Lowes
-PVC tee- $1.87 from Lowes
-tube insulation (for pipes?)- OPTIONAL $4.98 from Lowes
-padlock- had it from a school locker, but from Lowes I see one at $2.98
-black electrical and duct tapes or tape of your choice- had them in the tool chest (I assume you might as well...handyman's secret weapon and all)
-pliers with wire cutting capability
-Dremel tool with cutting disc or bolt cutters- OPTIONAL
Grand total: $24.69
Obviously, you could get all of this from someplace other than Lowes and probably for cheaper (especially if you recycle). You just never know what you might find on the curb or the free listings on Craigslist. Seriously, you'd think people's pianos and treadmills were possessed or something....but I digress.