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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

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
"I am dropping them off at the party and then I am peacing yo"
peacing by George March 8, 2005

Peaching 

Fondling ones breasts, or to have ones breasts fondled.
Oh my god alex was peaching me soo hard!
Peaching by miamiamiamiaalex January 19, 2011
"alright kids.. i'm peacin'"
peacing by B and K January 21, 2005

peaching 

Showing the very top of your ass crack when you lean over and your pants slide down.

Resembles the crease at the top of a peach.
Pssst! Turn around and check out that girl over there... she's totally peaching.

Kate! Pull your jeans up buddy, you're peaching like whoa.
peaching by kapoli October 20, 2005