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The act of one person lifting another so their bodies mimic the shape of the letter 'P'. The lifter represents the stalk, and the liftee the curved part.

The idea started as a way of promoting World Peace Day – people 'peacing together' and posting photos to the web. Similar to planking
Sarah and I got a great shot of us 'Peacing' on facebook for World Peace Day. Too bad she wasn't strong enough to lift me.
Peacing by PeaceOut September 3, 2012
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"I am dropping them off at the party and then I am peacing yo"
peacing by George March 8, 2005
Related Words
"alright kids.. i'm peacin'"
peacing by B and K January 21, 2005
A word used by Bulgarians. Often used as a measure of speed or velocity.
"I am dropping them off then I'm... going to peace"

"I am peacing in my V Double U"
Peacing by George May 13, 2005
1. To Peace
2. When two people commit to the physical aspects of a relationship but not the emotional. They do not considered themselves dating. Often used by Oakville kids.
3. See also: Fuck Buddies
Person 1: Did you know John and Carol are peacing?
Person 2: Really? For how long?
Person 1: I dunno, but John was peacing with Betty last week!
peacing by Mank Mclorderlots July 5, 2006
Verb for "Peace" To bring peace or actively aim towards it.

Present tense to act peacefully.
"What we would have done without Joe peacing it up at the party."

"Sam's peacing out." - to exit peacefully
Peacing by Yahoozia August 2, 2010

peacing out 

v. leaving
(used like the word 'bounce')
other forms: peaced out, peace out
She peaced out mad early.

Dude, I'm bout to peace out in a few minutes.

Those kids are peacing out cuz they're lame.
peacing out by damnGIRL December 27, 2006