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 04, 2005
Get a peace out mug for your mate Nathalie.
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 a peace out mug for your father Abdul.
The act of leaving a situation or a scenario dramatically with your fingers in the shape of guns pointed in the air, or blasting away imaginary bullets at others around you.

ALTERNATELY:

your piece may refer to a glass smoking pipe.
Alright fellas, I've had enough to drink tonight. I'm going to peace out with my piece out!
by Kid Cutty October 28, 2010
Get a peace out with my piece out mug for your friend Jovana.
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 19, 2005
Get a peace out mug for your mama Larisa.
Yo Jordan let's peace out to chow bro; Jordan who said you could peace out my drink?
by Yumz August 24, 2006
Get a peace out mug for your cousin Julia.
Goodbye/ cya....What gangs say when they have to go. One former gang from TX usage....very hardcore!
by Anonymous March 24, 2005
Get a peace out mug for your bunkmate Zora.