The sentence I took from my English course exercise:
'What are we going to eat?' 'Well, I can do steak and chips.'
I don't think that do steak and chips literally means the speaker will make those foods (I'm not familiar with those either). I guess, it has something similar construction when we use a binomial such as part and parcel, wine and dine, etc. If that really means what it actually says, then why the speaker doesn't say:
'I can make steak and chips.'
I believe, that the verb make is used together with food and meals according to this site. That's why I'm wondering what do steak and chips really means.
Edit:
Since some people are questioning the context, this short conversation is taken from my English course exercise that I've mentioned above. The instruction of the exercise is:
Put in can or can't if possible; if not use will/won't be able to.
The question:
'What are we going to eat?' 'Well, I __ do steak and chips.'
I don't think will is appropriate and that's what the answer key says as well. It has no further detail.
Best Answer
Steak and chips (also known by the French name steak frites) is a classic meal across much of Western Europe. It's not a binomial phrase with any other meaning, as far as I'm aware.
It is possible that the speaker means "make steak and chips" when they say "I can do steak and chips."
Another likely possibility is that the speaker means "I'd be happy to eat steak and chips" and is using this construction to suggest a meal choice. "Do" can also be understood as "have" in this particular use.