This is the 4712th most frequent German word.
wagen
"Wagen" means "to dare" or "to risk" in English.
Here, 'wagen' is used as a verb meaning 'to dare' or 'to risk' something.
Wir wagen einen neuen Anfang.
We are daring a new beginning.
'Wagen' here refers to a noun meaning 'car' or 'vehicle'.
Kannst du den Wagen vorfahren?
Can you pull the car forward?
Again, 'wagen' is used as a verb to describe the act of risking something adventurous or challenging.