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1.
A gesture signifying your dislike for someone or their actions; similiar to a "thumbs down" or Not!.

The gesture is performed by first displaying the victim the peace sign, but then flipping it forward and down, thus inverting it.

This gesture is typically accompanied by the mimicked sound of flattulence, created using the tongue (also known as a "raspberry").

Often used on people associated with the "hippie" subculture as a form of ridicule.
"That dreadlocked fool sucks at skating. I gave him a downpeace after cheering for his lame trick."
by Jake Forrest April 28, 2008
 
2.
A gesture signifying your dislike for someone or their actions; similiar to a "thumbs down". The gesture is performed by first displaying the victim the peace sign and then flipping it down. The sound of flattulence is then mimicked using the tongue. Often used on people associated with the "hippie" subculture as a form of ridicule.
"That Deadhead's a fool. I gave him a down-peace as I left."
by Jake Forrest April 11, 2008