The original question addresses a specific narrow use case. For those who need more generic answers here are some examples:
Creating a new column using data from other columns
Given the dataframe below:
import pandas as pd
import numpy as np
df = pd.DataFrame([['dog', 'hound', 5],
                   ['cat', 'ragdoll', 1]],
                  columns=['animal', 'type', 'age'])
In[1]:
Out[1]:
  animal     type  age
----------------------
0    dog    hound    5
1    cat  ragdoll    1
Below we are adding a new description column as a concatenation of other columns by using the + operation which is overridden for series. Fancy string formatting, f-strings etc won't work here since the + applies to scalars and not 'primitive' values:
df['description'] = 'A ' + df.age.astype(str) + ' years old ' \
                    + df.type + ' ' + df.animal
In [2]: df
Out[2]:
  animal     type  age                description
-------------------------------------------------
0    dog    hound    5    A 5 years old hound dog
1    cat  ragdoll    1  A 1 years old ragdoll cat
We get 1 years for the cat (instead of 1 year) which we will be fixing below using conditionals.
Modifying an existing column with conditionals
Here we are replacing the original animal column with values from other columns, and using np.where to set a conditional substring based on the value of age:
# append 's' to 'age' if it's greater than 1
df.animal = df.animal + ", " + df.type + ", " + \
    df.age.astype(str) + " year" + np.where(df.age > 1, 's', '')
In [3]: df
Out[3]:
                 animal     type  age
-------------------------------------
0   dog, hound, 5 years    hound    5
1  cat, ragdoll, 1 year  ragdoll    1
Modifying multiple columns with conditionals
A more flexible approach is to call .apply() on an entire dataframe rather than on a single column:
def transform_row(r):
    r.animal = 'wild ' + r.type
    r.type = r.animal + ' creature'
    r.age = "{} year{}".format(r.age, r.age > 1 and 's' or '')
    return r
df.apply(transform_row, axis=1)
In[4]:
Out[4]:
         animal            type      age
----------------------------------------
0    wild hound    dog creature  5 years
1  wild ragdoll    cat creature   1 year
In the code above the transform_row(r) function takes a Series object representing a given row (indicated by axis=1, the default value of axis=0 will provide a Series object for each column). This simplifies processing since you can access the actual 'primitive' values in the row using the column names and have visibility of other cells in the given row/column.