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]

Source: Webster's Revised Unabridged Dictionary (1913)
 

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: Webster's Revised Unabridged Dictionary (1913)