Meaning: This sentence means that the group of people including the speaker is capable of accomplishing a specific task or goal. It's a way of expressing confidence in the group's ability to succeed.
Choice of Words: "We" is a pronoun that refers to a group of people including the speaker. "Can" is a modal verb that expresses ability or possibility. "Do" is a verb that refers to an action or task. "It" is a pronoun that refers to something specific but not named. In this sentence, "it" represents a task or goal that the group is capable of achieving.