It's a casual and friendly way to ask someone if they'd like to hang out, similar to asking "Would you like to get together?" in English.
Here's a breakdown of the phrase:
* Te: You (formal or informal, depending on context)
* gustaría: would like (from the verb "gustar" - to like)
* quedar: to meet up, to get together
Let me know if you have any other Spanish phrases you'd like me to translate! 😊