Source : Webster's Revised Unabridged Dictionary (1913)

Lace \Lace\, v. t. [imp. & p. p. {Laced} ([=a]st); p. pr. & vb.
   n. {Lacing}.]
   1. To fasten with a lace; to draw together with a lace passed
      through eyelet holes; to unite with a lace or laces, or,
      figuratively. with anything resembling laces. --Shak.

            When Jenny's stays are newly laced.   --Prior.

   2. To adorn with narrow strips or braids of some decorative
      material; as, cloth laced with silver. --Shak.

   3. To beat; to lash; to make stripes on. [Colloq.]

            I'll lace your coat for ye.           --L'Estrange.

   4. To add spirits to (a beverage). [Old Slang]

Laced \Laced\, a.
   1. Fastened with a lace or laces; decorated with narrow
      strips or braid. See {Lace}, v. t.

   2. Decorated with the fabric lace.

            A shirt with laced ruffles.           --Fielding.

   {Laced mutton}, a prostitute. [Old slang]

   {Laced stocking}, a strong stocking which can be tightly
      laced; -- used in cases of weak legs, varicose veins, etc.
      --Dunglison.

Source : WordNet®

laced
     adj 1: closed with a lace; "snugly laced shoes" [syn: {tied}] [ant:
             {unlaced}]
     2: edged or streaked with color; "white blossoms with
        purple-laced petals"
     3: having alcohol added; "a cup of brandy-laced coffee"; "he
        drank too much of the spiked punch" [syn: {spiked}]
     4: trimmed or decorated with lace