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1. Something amazing, fun, or cool.

2. Something lame or boring.

The meaning can be understood from the tone of voice of the speaker and the context the word is used in.
1. Guy Number 1: Hey man, let's go see the Last Airbender movie!
Guy Number 2: Yeah! That sounds totally trace!

2. Guy Number 2: Let's go balance our checkbooks!
Guy Number 1: No way, dude. That's trace.
trace by traceisthenewcool July 19, 2010
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A gay guy who is light skin and short

He has lots of bedie beads and dosent take showers
Trace can't get a life
Trace by Mjaygoldenfire June 12, 2016
Related Words
another name for the drug marijuana.
"do you know where I could get some trace"
"Man, I was so traced last night"
trace by Mayne or Shane April 2, 2008
HAS THE BIGGEST FATTEST COCK EVER HE ALSO HAS A FAT JUICY BUSSY
Obama: "damn trace u got a nice cock"
Trace: "thank you mr president"
Trace by breb moment June 17, 2020
When something or someone is really boring and bland
Jake is so trace
Trace by Silesky May 7, 2010
A transrace person, or someone who was born another race than what they identify as.
Lisa is a trace person, she’s Asian but was born black.
Trace by Justice4everyone November 8, 2022
Guy that doesn't want to tell you his real name so you call him trace.
You:Hey whats up Trace! Trace: Hey thats not my name. You: Yeah it is
trace by franksalada June 18, 2018