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Homonym wordplay (i.e. peace - piece). Used to project the fact that one can be at peace "in pieces". Used mostly as a valediction, or a way to say goodbye. When one says this word, it sometimes means that they feel their life is in pieces, yet they are at peace.
John: You'll be alright. Just remember you have people that care about you.

Steve: I know. Thanks man. Well I gotta go.

John: Ok buddy. ttyl.

Steve: Peaces.
peaces by Poor Ben's Almanac October 21, 2011
The act of saying duces and peace at the same time.
Matt: yo im tired im out

Trelvis: aight DUCES!!!!

Matt: PEACES
peaces by MX Xav December 29, 2009

reeces peaces 

a word meaning "goodbye" or "see you later".
a form of "peace out"
"yo later fagel bagel"

"geah nigga, reeces peaces"
reeces peaces by Chasen BoBaseon September 19, 2007

I don’t want peace; I want problems ALWAYS!!!!!! 

I don’t want peace; I want problems ALWAYS!!!!!! — a popular meme that originated in the unbelievable genre: African Martial Arts Films.

This particular line appears in the 2017 adaptation of the Mortal Kombat game, from Ghana's Kumawood scene. The line is spoken by Marsuel Hoppe, who plays Shao Kahn, the armored tyrant from the video game. Kumawood productions are typically low-budget and quickly produced.

This line is an absolute declaration of martial arts militancy and the desire to fight even is your opponent is suing for peace.
You want peace? You want peace? I don’t want peace; I want problems ALWAYS!!!!!!

PeaceaFist 

A peaceafist is someone who works for peace, using his/her fist if necessary as opposed to total non aggressive resistance, turning the other cheek, etc. Peace through strength is his/her motto.
Skyler and Terry were PeaceaFists. They didn't want trouble, they were against unnecessary wars, they never started a fight, but they NEVER backed down when the shit came their way.

Peaceful Protest 

Seven houses were burned down and six people were killed during the peaceful protests this weekend.