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]

Lacing \La"cing\, n.
   1. The act of securing, fastening, or tightening, with a lace
      or laces.

   2. A lace; specifically (Mach.), a thong of thin leather for
      uniting the ends of belts.

   3. A rope or line passing through eyelet holes in the edge of
      a sail or an awning to attach it to a yard, gaff, etc.

   4. (Bridge Building) A system of bracing bars, not crossing
      each other in the middle, connecting the channel bars of a
      compound strut. --Waddell.

Source : WordNet®

lacing
     n 1: a small amount of liquor added to a food or beverage
     2: a cord that is drawn through eyelets or around hooks in
        order to draw together two edges (as of a shoe or garment)
        [syn: {lace}]
     3: the act of inflicting corporal punishment with repeated
        blows [syn: {beating}, {thrashing}, {licking}, {drubbing},
         {trouncing}, {whacking}]