Hmm, another opportunity to lecture a little…
*Ahem* Flip-fli-flip-flip.
According to Auerbach's "Wilderness Medicine" book (3rd ed.) pp 261-289…
Human lightning strikes only have a 30% mortality, with a morbidity of around 70%. As long as you don't cardiac arrest immediately your odds are good. Even if you do, this is one instance in which CPR works remarkably well. You still need to get to a hospital quickly, though. Not infrequently lightning "washes" over the surface of your body, and can even blow clothes off without causing major injuries. However if it does pass through instead of washing over it tends to follow major nerves and vessels, and can leave hidden deep tissue injuries that need urgent surgery.
There are few places that are totally safe- people have been struck in their homes, for example, particularly when talking on the phone or near plumbing. This is one form of "splash", where you can be electrocuted without being directly struck. This also happens to people standing near other objects that are struck, like trees, when the current arcs over to them. Occasionally people have been splashed from a fence that was struck some distance away. Groups of animals have been found electrocuted when they sought shelter near a fence in a storm.
Even if you are standing on flat open ground and the stroke misses you, you still aren't safe, due to "step voltage." It is hard to pump that much current into the ground quickly, so it sort of puddles on the surface for a split second, dimishing proportional to the distance from the point of strike. If you are standing with your feet spead and one foot is closer to the strike point than the other, a large potential difference can exist between them. Thus, the current will run up one leg and down the other.
All of this weirdness is very unpredictable.
So, I suspect that Nothing Good can come of being in a hammock attached to a tree that is struck. Certainly you aren't SAFE from conducting the current. I cannot speak intelligently about exploding trees and wood fragmentation. :-)