@okcowboy2016,
I think it means back off. Right after someone has been in a relationship and just breaks up, they need time to heal. Be considerate of that status.
If you have had a crush on her for 4 yrs it might be a poorly kept secret. Unless you can keep it REALLY causal, you might want to let this (and her) settle for a bit. A recent breakup after a long term thing can be like an open-wound for some folks.
Why not ask HER what hanging out means to her? Whether or not she's into you, only she (and you) will be able to determine. If she said no 2x . take some time before you try again., but first clear your head. Then, once you're clear, tell her you have no expectations.
The way I'd interpret to hang out means..to spend relaxing time together as a companion...a friend. Perhaps she'd want to do things like watching TV, perhaps see a movie...a meal, but not in a romantic type of setting or ratcheting up of expectations. Key phrase is NO expectations.