Meaning
A friendly way of saying goodbye — 'see you later', 'catch you another time'. Thrown out casually at parting, 'more time' promises another meeting to come and takes easy leave of a friend. In its other, quite separate sense, 'more time' means 'sometimes' or 'at other times' when describing how often something happens — 'more time mi walk, more time mi tek di bus'. So the same phrase serves both as a warm sign-off and as a plain word for 'occasionally', with context telling them apart.
Examples
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Aright mi bredda, more time!
All right my brother, see you later!
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More time mi walk, more time mi tek di bus.
Sometimes I walk, other times I take the bus.
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Mi gone now, more time.
I'm off now, catch you later.
Origin
From 'more time' — literally another time; used as a casual farewell ('until another time') and adverbially for 'sometimes'.
How it’s used
Two senses: a farewell ('later!') and 'sometimes/at other times'. Context makes it clear.