It is very similar to "who knew" or "I wonder" only in Joe's Words he uses that saying instead
Um, not really, I'm afraid.
"What larks" expresses the sentiment of "what a hilarious time we'll have" in this context. Joe says this when he tells Pip that when he's well, they'll go out for a ride together. And then, "what larks, Pip"
So the answer is akin to: "what fun we'll have", and not "who knew" or "I wonder"
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