>what's the meaning of '+' there?

Mathematicians often reuse the same notation for different things where it's clear (for the mathematicians) what the implied meaning is. That means however that non-mathematicians can get confused.

The plus here is the operation that we call "the sum of complex numbers", where the numbers are a and bi. We can work towards this by first defining complex numbers as a tuple of two real numbers with particular sum and multiplication laws for these tuples. So (a, b) + (c, d) = (a + b, c + d) where the left side plus is for complex numbers and the right side plus is for real numbers. Similarly for multiplication, (a, b) * (c, d) = (ac - bd, bc + ad).

We associate (1,0) with the real number 1, and similarly for tuples of the form (a,0). The association is what allows us to see the real numbers as a subset of the complex numbers rather than being some unrelated set. It makes sense because the set of tuples of the form (a,0) with the multiplication laws of complex numbers behaves the same way as the real numbers and is in 1:1 correspondence with them. This association is used every time we write (a,0) as a(1,0) or just "a". We also write (0,b) as b(0,1) since (b,0)*(0,1) = (0,b), from the multiplication law. A general tuple (a, b) then can be written as (a,0) + (0,b) or, as what we've said is the same thing, a + b(0,1). Now we have simplified notation for all of these things except (0,1). It follows from the multiplication law that (0,1)*(0,1) = -(1,0) = -1. The complex number whose square is -1 is denoted as i. All these simplifications allow you to write (a,b) as a + bi.

> More fundamentally what's addition and multiplication? Is there a continuity between them, like an operator that represents both addition and multiplication meeting them half-way?

I'm not personally aware of any concept of continuity between these operations. In abstract algebra, operations are fundamental to an algebraic structure. The field of real numbers or the field of complex numbers are algebraic structures defined by their elements, the binary operation called addition, the binary operation called multiplication, and the laws that these operations satisfy. For example, both are commutative and associative, but the distribution law shows that they're different: a*(b+c) = a*b + a*c, but not a+b*c = (a+b)*(a+c). Also, a+0 = a, but a*1 = a, so the operations have different special elements that "fix" the other element when an operation is applied. It may be interesting to think what a "half-way operator" would have to be like with respect to these laws.

>What's the significance of square and square root? Aren't they just some exponent values (2, 1/2) which have no particular significance on the real line?

The idea of complex numbers and the more general idea of field extensions, which describes the process of obtaining complex numbers from reals, came from the study of polynomials. Polynomials can only have terms of integer degree. They satisfy many nice properties and quite rich mathematical structures arise from them which would not be possible with general non-integer degrees. Second degree polynomials with real coefficients, like x^2 + 1, are the lowest-degree polynomials such that they may not have real roots, and x^2 + 1 is the simplest example, but any other polynomial can be used to produce the complex numbers as well, if has a factor like x^2 + a. This is where the 2 comes from. It's not significant from a real line perspective (2 is just a number among the infinite reals) but it's significant from an algebraic one.