A hands-free wearable lighting device is a device utilized to provide illumination to the user's surroundings while being worn. At least one multicolor light-emitting diode (LED) is positioned within an LED compartment located on a housing. A control unit, a brightness adjustment switch, and a color adjustment switch allow the user to alter the light of the at least one multicolor LED. A necklace allows the housing to be worn around the user's neck in order to provide hands-free illumination. The user may utilize the device as a handheld light by grasping the device via a finger tab. Additionally, the user may utilize a prop stand to direct the light from the at least one multicolor LED in a desired direction. The device may include a laser diode as well in order to allow the device to emit a laser in addition to regular illumination.