Herr

1. man, gentleman (polite term)
2. sir (title of respect)
3. Mr., mister, sir
4. gentleman
5. master, lord (generally denotes that someone has control over something, either in a generic or in a regal sense)
6. the lowest title of German nobility
7. Lord, God

Ober

1. waiter (usually the head waiter, but sometimes any waiter)
2. over knave, queen

wir

we

möchten

first/third-person plural subjunctive II of mögen

zahlen

1. to pay
2. to pay, to atone