This is the 12064th most frequent Russian word.
играем
"Играем" means "we play" or "we are playing."
Here, 'играем' means 'play' and indicates an activity performed regularly involving a game.
Мы играем в футбол каждый вечер.
We play football every evening.
Here, 'играем' means 'play' and refers to the act of performing on a musical instrument.
На уроке музыки мы играем на пианино.
In the music class, we play the piano.
In this context, 'играем' means 'act' and is used to describe performing a role in a theatrical production.