Hebrew Translation?

[Joe[x86]]

I learned this song over the summer at some Vacation Bible School thing with a bunch of 5-year-olds (my moms friends kids, don't ask). Anyhow, I learned it in Hebrew, and never found out what it meant, beyond shalom = peace. Mind translating it?

Shalom havo rim
Shalom havo rim
Shalom, shalom

La hit ra ot
La hit ra ot
Shalom, shalom

PS: Excuse my horrible spelling.

[Yoni]

Hello friends
Hello friends
Hello, hello

Goodbye
Goodbye
Hello, hello

[Joe[x86]]

Haha, elite.