I am contractually obligated to play strip games. This might be the first time I've seen Strip Hangman though.
From my one playthrough, I'll say it does deliver on the premise, and even without how terrible I am at Hangman, Nicole's debt was still around 680k, so its not too hard.
The art is nice, and the dialogue isn't bad. Though you will quickly hear everything Nicole has to say unless you're SUPER good at the game, but that's alright.
All in all? It's alright. I kind of wish Belle (and I guess Wise) actually had their own clothes at stake, because it might help Nicole out from the fact unless you're really bad at guessing letters, or spam hints, I don't think you can actually lose. Which maybe isn't bad. But still, a shame Belle can't wind up naked.