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I have also heard someone's saying: "Подожди, повиси ещё" in a sense "stay here a bit more". Not sure how widespread that would be in Russia though ...

I'm inclined to translate that as: "Пошли, потусуемся". I think you wouldn't normally say to a person: "Let's hang out" unless you invite them to go somewhere together. However, I'd say you can also...

Тусовка does not necessarily mean party. I think kid's translation was OK.[/quote][/quote]
:oops:

Тусовка does not necessarily means party. I think kid's translation was OK.