Hanging Around

I've had my peanut wreath feeder for a few years now, and it is a little worn out. There is a wire at the top that pulls the spirals around and fastens around the hook. Lately that wire hasn't been staying in place, even though I fix it every time I refill it. I figured it was just getting stretched out like the spirals, but today I discovered the real reason. (Pics are a little blurry because I took them through the window.)