A metaphor that means to end a dispute, reach a treaty, or plainly speaking, make peace with an opponent. Draws from the Native American tradition of smoking the calumet as a sign of a treaty between warring chiefs.
I have never really seen eye to eye with Bob on budget allocations, but today we could smoke the peace pipe.
Pipe used by Native Americans in peace ceremonies. Still used today by Native Americans, or also used in medicinal purposes, also be can used like a regular.
I sometimes let my boss Richey smoke the peace pipe, as long as he let me smoke it first.
Cominf from the native american's peace pipes, the word today means "to extend a hand of friendship" often to former rivals whom have fallen in your wake.