It is commonly misunderstood for the time inbetween wars, getting along, or any other peachy definition you can think of. Peace is a combination of love, harmony with all living beings, care, sharing, and freedom. If we all look hard enough we can find peace within ourselves, no matter how ruthless you are. If we all examine ourselves we would be able to make the world a trully peaceful place. Remember that the next time an under privladged person asks you for some spare change. Spread peace. Its something we all need to do.
Peace lives within all beings, if you look hard enough you will see it.