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Re: Lt. Col. Robert E. "Pappy" Haynes,
"Can" is a tinned steel container used to store/preserve food. In the US they are called "cans" where British English refers to them as "Tins". Planes could be referred to or thought of as "Cans".
I have seen a plane called "Spam Can", where Spam was cooked meat in a can, for example.
Here "Merry" means "Happy" as you have it, so I think the meaning is a "Happy Airplane Crew" .
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