The hands-free deal you make with gravity, paid in dignity above the belt.
means Straps worn over the shoulders to hold up trousers (or, in British usage, to hold up stockings), keeping clothing in place without relying on a belt.
from From the verb 'suspend' — from Latin 'suspendere,' to hang up, built from 'sub-' (up from under) plus 'pendere,' to hang. The thing literally suspends your trousers. The same 'pendere' family hangs throughout English: 'pendant,' 'pendulum,' even 'pending,' all left dangling. The plural 'suspenders' for the garment is an American coinage from the early 19th century; the British, who already used the word for stocking-holders, settled on 'braces' for the trouser version — same job, different name across the Atlantic.