let's do this

A phrase which connotates the beginning or initiation of something fun, such as a party, club excursion, bar crawl, or the like.

Three people get into a cab on their way to a party. Prior to getting in, one of them says "Alright, let's do this!"

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we should do something sometime

A phrase which is employed as an attempt or means of remaining on good terms with a person who one does not particularly like or with whom one does not truly wish to associate.

"Oh...hey. Um, yeah, I'm well. You? That's, uh, good. Yeah, we, uh -- yeah, we should do something sometime. Totally."

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