It makes or produces (used in academic or formal contexts, often in Latin phrases meaning 'it accomplishes' or 'it brings about').
From Latin 'facit' (he/she/it makes or does), third-person singular of 'facere' (to make or do). This Latin verb form is occasionally used in English in formal, academic, or historical documents.
You'll see 'facit' on old paintings and sculptures with an artist's name—'Johannes Cranach facit' means 'John Cranach made this'—it's the original way artists signed their work before modern signatures!
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