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1.
"Peace" in slang form.

Usually uttered after a sentence bidding a person goodbye or goodluck.
If you want to be cool, you must learn how to incorporate Paysh in your sentences.
Can also mean, "later" or "see ya"
"Yo man, I gotta go count my momma's white hair. PAYSH!"
"Hey, I hope you don't die counting yo momma's white hair. PAYSH!"
by xxew February 09, 2010