Updated and expanded - > See update page
Hi guys, I made this a few years ago when learning a lot of stuff. So it was somewhat janky and missing textures. I went back today and remade it.
It is now a hanging chain, where by I made the cloth sim on the chain have low gravity, thus it automatically floats upon loading the scene and stays vertical with the ability to bend. The old version can be found in updates. You can see how it works below.
Demonstration -