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1.
A phrase typically used to indicate a 'see you later' towards somebody. This comes from the leaving phrase of 'peace' to add a punny side towards a farewell.

'Peace and carrots' most resembles 'peas and carrots' from a dinnerside setting being almost homophones.
A: "I gotta go, I'll see you later"
B: "Alright, peace and carrots"
by hulby47 October 16, 2011