That doesn't make sense. I believe you may mean "it's not like we're ever going to hang out again". If so, it means that the speaker is not going to continue to spend time socialising with the other person in the future.
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That doesn't make sense. I believe you may mean "it's not like we're ever going to hang out again". If so, it means that the speaker is not going to continue to spend time socialising with the other person in the future. The phrasing "It's not like ..." probably has an explanatory feel.