Used as a "manly" come back to someone who is either being challenged or it can be offered as a direct challenge to another;
Similar expressions:
"Show me what you got!"
"Do your worst"
"Bring your shit!"
"Go for it!"
Basketball Player 1: "Im gonna slam dunk yo punk ass."
Basketball Player 2: "Ahhhight, bring it bitch. Let's see what you got!"
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Another way of saying bring it on. It is a invitation to make someone perform a action.
Watch me destroy you!
Bring it!
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Used as a direct object that indicates you having something to offer on the table.
Hey, man, if you come to the party you gotta have some bring!
"Yo, I'm coming over."
"Yeahs, man, you can if you got bring!"
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