Yeah, pretty much. I've never actually done it, but I know I could do it if I needed to.
If it sounds mysterious, think of it this way: Imagine you were thrown into a room with a computer, internet, and endless food, and the only way out of the room was to solve this problem. I bet you'd figure it out within a week or two, or a couple months max. (If only to go have a shower.)
One thing to watch out for: Solving modern problems can be pretty unsatisfying. Before you experience what life is like at a modern company, you tend to think of them as functional, orderly, and planned. Real companies are almost universally dysfunctional, disorderly, and haphazard. It's very rare that a plan is conceived, followed, and deployed without growing some warts and throwing in some hacks to get it done.
So I think you should enjoy this time, where you're free to think of thought-problems like "What's the most correct and extensible way to solve this problem?" instead of being forced to solve them on a time crunch.