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1. peaces
Used to depart from a group of friends as a whole. Similar to saying "peace" when ending a coversation with a single person.
"Alrighty everyone. I'll see you all later. Peaces."

2. peaces
The act of saying duces and peace at the same time.
Matt: yo im tired im out

Trelvis: aight DUCES!!!!

Matt: PEACES
3. peaces
Homonym wordplay (i.e. peace - piece). Used to project the fact that one can be at peace "in pieces". Used mostly as a valediction, or a way to say goodbye. When one says this word, it sometimes means that they feel their life is in pieces, yet they are at peace.
John: You'll be alright. Just remember you have people that care about you.

Steve: I know. Thanks man. Well I gotta go.

John: Ok buddy. ttyl.

Steve: Peaces.
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