Cloth

Create a plane with 10 by 10 segments for the cloth, a lone cylinder for the pole and 5 tube for the hooks.

Click on the plane and drag the apply cloth modifier and cloth collection to the viewport, from the reactor cloth click on the plus-sign icon and choose vertex, go to constraints rollout, click attach to rigid body, rename it and click on the vertices, so they turn red. In the attach to rigidbody rollout click none and select the hook in the scene.













Turn on auto key, just move each hook in different time, so it set out different keyframe in the timeline.
Preview the animation and pree p.

Reference:
Carol Batton
sunset
2011
http://www.maroonedonline.co.uk/613
[Internet]
[23/3/2011]