A hitch pin for quick and easy release of a hitch assembly. The hitch pin has a shaft with added hole for connection to a removable lock cap by a coupler pin. The quick releasing hitch pin device may be used to secure a hitch and hitch receiver. In addition, the combination of a removable lock cap allows the hitch pin to gravity release thereby freeing the operator to operate the vehicle with hitch in order to release a bound-up hitch pin from the hitch receiver on the draft implement. This method makes for a less cumbersome and safer release of a hitch pin in varied situations, such as when an implement is on fire risking life, limb and property.