Here is the meaning of the word, LACE

Lace ( n. ) - A fabric of fine threads of linen, silk, cotton, etc., often ornamented with figures; a delicate tissue of thread, much worn as an ornament of dress.
Lace ( n. ) - A snare or gin, especially one made of interwoven cords; a net.
Lace ( n. ) - Spirits added to coffee or some other beverage.
Lace ( n. ) - That which binds or holds, especially by being interwoven; a string, cord, or band, usually one passing through eyelet or other holes, and used in drawing and holding together parts of a garment, of a shoe, of a machine belt, etc.
Lace ( v. i. ) - To be fastened with a lace, or laces; as, these boots lace.
Lace ( v. t. ) - To add spirits to (a beverage).
Lace ( v. t. ) - To adorn with narrow strips or braids of some decorative material; as, cloth laced with silver.
Lace ( v. t. ) - To beat; to lash; to make stripes on.
Lace ( v. t. ) - 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.