A very informal goodbye greeting; 'see you later'. Sometimes used in an ironic fashion for goodbyes that should be more serious, i.e. the recipient dying, being killed, defeated, or left behind.
Peace out, Holmes. Catch you on the flipside.
by Jeema November 9, 2005
Get the peace out mug.
Goodbye. Often a source of confusion among whites from different parts of the U.S.
Indiana Bob: "Mike, did you spec that piece out to .05 inches?"
Mike from NYC: "Damn straight...peace out in da oh-five, bitches!"
by edelweiss January 4, 2005
Get the peace out mug.
Term used to encourage military members to become conscienous objectors "peace" and get "out" of the military. Started during the Viet Nam War by "Peaceniks" and hippies. Turned into a term for saying goodbye, used primarily within ethnic groups. Has been receiving renew popularity because of the U.S.s involvement in yet another unpopular war.
by Rick Hale August 11, 2006
Get the peace out mug.
To become unconscious.
That guy had me in a choke hold and I almosed peaced out.
by Gin&Sin August 18, 2005
Get the Peaced out mug.
Adjective - To be so intoxicated that you just sit there and smile without a care.
Person A: "Nick! NICK!! Come on, man! Let's go!"

Person B: "Dude... leave him alone. He is totally peaced out."

Nick: "Hee hee.... huh...."
by RedEye September 21, 2005
Get the Peaced out mug.
an informal "ghetto" closing comment. often used on the wrong side of the tracks.
peace out fooo! i've gotta hit up the clubs.
by megan fo rizzle. November 20, 2005
Get the peace out mug.