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peace out with my piece out 

The act of leaving a situation or a scenario dramatically with your fingers in the shape of guns pointed in the air, or blasting away imaginary bullets at others around you.

ALTERNATELY:

your piece may refer to a glass smoking pipe.
Alright fellas, I've had enough to drink tonight. I'm going to peace out with my piece out!

Piece Out 

piece out refers to kicking out a "hookup" or "trick" from the night before. A "hookup" or "trick" is also referred to as a piece of meat...hence piece out.
This morning I told Jenny to leave. I was like, "piece out"
Piece Out by Sexysoccerguy September 19, 2009

Yo Pierre wanna come out here? 

Pierre Bourne's tag.
Yo Pierre wanna come out here?
*SKWEEEEP*

out dis piece 

said when one is leaving a gathering or any other event that has become dull, boring, or lame
out dis piece by X-sTaTiK October 26, 2004

Roll out this piece 

Jermaine and pookie we're stuck in the hood their whole life, until they got their GED. Pookie turned to Jermaine and said "let's roll out this piece son"

you are a worthless friendless faggot lipped piece of shit, who's mommy left daddy, when she figured out he wasn't eugene o neil, and is now crying and slobbering all over my drum set, like a fucking 9 year old girl 

a quote from a based movie named whiplash
only based people will come upon this page.
"Are you gonna rush, or are you gonna drag, or are you gonna be on my time?!"
"I'm gonna be on your time.."
"My god, you are a worthless friendless faggot lipped piece of shit, who's mommy left daddy, when she figured out he wasn't eugene o neil, and is now crying and slobbering all over my drum set, like a fucking 9 year old girl"