The notation on the left hand side refers to the set of tensor product of two spin-1/2 states (two components) and the right hand side refers to the direct sum of a spin-0 (single component) and spin-1 (three components). The antisym. and sym. refer to taking symmetric and antisymmetric combinations of spins.
Since I'm not sure immediately how to do bra/ket's in Mathjax I'll use matrix notation. Let $\psi_i$ and $\chi_i$, $i=1,2$ represent two two-component spinors. The states on the left hand side are $\psi_i \chi_j$. There are four of them corresponding to the combinations $(i,j)=(1,1),(1,2),(2,1),(2,2)$. These can be rewritten in terms of the linear combinations
$$ \psi_1 \chi_2 - \psi_2 \chi_1 $$
and
$$ \psi_1 \chi_1, \psi_1 \chi_2 + \psi_2 \chi_1, \psi_2 \chi_2 $$
where I've left out normalizing factors. These are the singlet and triplet on the right hand side, respectively. Notice that the singlet is antisymmetric and the triplet is symmetric under swapping of indices.
To prove that the triplet and singlet have the claimed values of the angular momentum operate on the states with the $\vec{J}^2 = (\vec{J}_1 + \vec{J}_2)^2$ operator, where $\vec{J}_1$ and $\vec{J}_2$ are the angular momentum operators for the $\psi$ and $\chi$ components respectively. The only nontrivial piece is the term involving $\vec{J}_1 \cdot \vec{J}_2$. You should find that it doesn't mix any of the combination states I've written.