Excel Spreadsheet

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I am trying to find out how to perform this excel spreadsheet function.
enter the below data in cells A1 & B1

A1: look see: how, to, run, fast
B1: all::1:0:|all::2:0:|all::3:0:|all::4:0::

How do I acquire this final result in cell B1?

B1: all:how:1:0:|all:to:2:0:|all:run:3:0:|all:fast:4:0::

Can anyone help me on this one? you're much appreciated

Curious1
 

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