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a phrase initially said by the rapper Common in a 2007 Holiday ad for the GAP. Commonly used when parting company with friends, family, etc. Often times mistakenly quoted as "peace love AND gap."
Can be shortened as "pltg" when using text based means of communication.

The ad:
Brah: Alright dude, see ya later!
Bro: Yeah man, peace, love, the gap.

Common: We gonna give it to the world/ peace, love, the gap.
by beatmastermcfly February 28, 2009
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