Senses
要么/ 要麼 either... or
Used to present multiple options or possibilities where one must be chosen.
要么/ 要麼 otherwise
Used in a second clause to express a hypothetical alternative or what should happen if the first condition is not met
要么/ 要麼 how about
Used at the beginning of a suggestion to propose an action; similar to "how about" or "why don't we".