To achieve a constant speed of 1 m/s for a hanging weight under its own weight, the design must account for varying mass and external forces like friction or drag. A frictionless environment suggests that a horizontal path would negate gravity's influence, while a straight line would lead to terminal velocity due to air resistance. The discussion highlights the need for a mechanism that balances forces dynamically, potentially using a flyball governor concept where weights apply braking force as speed increases. This approach allows for consistent terminal velocity regardless of weight variations. Commercial solutions are available that may meet these requirements.