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)
 

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: Webster's Revised Unabridged Dictionary (1913)