Q: Does the word "time" mean the same thing in "We had a wonderful time at the party." and "He is not living at home because he is doing time."?

A: different meanings

Q: Does the word "kid" mean the same thing in "She's a kid. It's normal for her to have imaginary friends." and "They're just kids."?

A: the same meaning

Q: Does the word "read" mean the same thing in "Read the advertisement." and "Have you read Salman Rushdie?"?

A: the same meaning

Q: Does the word "play" mean the same thing in "I've practiced the piano off and on, and I still can't play very well." and "Can you play on this old recorder?"?

A:
the same meaning