1. To be in a state of relaxation; chilled out, laid back, easy going.
2. Used to describe the uneventfulness of a city or place in a positive manner.
1. (Sunny afternoon, sitting around with friends doing nothing)
"I'm feeling so lace right about now."
"Today has been so lace."
2. "Man, this city is so lace, nothing ever happens here."
"I love how lace this place is, it's very calming."