Formal:
* Nous allons nous amuser. (This is the most literal and formal translation.)
Informal:
* On va s'amuser. (This is a more casual and common way to say it.)
* On va bien s'amuser. (This emphasizes that you will have a lot of fun.)
* On va rigoler. (This is a very informal way to say "we are going to laugh" and implies fun.)
For a specific activity:
* On va s'éclater à [activity]. (This means "We are going to have a blast at [activity]")
Remember to choose the appropriate expression based on your audience and the situation.