From The Collaborative International Dictionary of English v.0.48:
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. [1913 Webster]
When Jenny's stays are newly laced. --Prior. [1913 Webster]
2. To adorn with narrow strips or braids of some decorative material; as, cloth laced with silver. --Shak. [1913 Webster]
3. To beat; to lash; to make stripes on. [Colloq.] [1913 Webster]
I'll lace your coat for ye. --L'Estrange. [1913 Webster]
4. To add something to (a food or beverage) so as to impart flavor, pungency, or some special quality; as, to lace a punch with alcohol; to lace the Kool-Aid with LSD. [Old Slang] [1913 Webster +PJC]
5. To twine or draw as a lace; to interlace; to intertwine. [Webster 1913 Suppl.]
The Gond . . . picked up a trail of the Karela, the vine that bears the bitter wild gourd, and laced it to and fro across the temple door. --Kipling. [Webster 1913 Suppl.]
From The Collaborative International Dictionary of English v.0.48:
Lacing \La"cing\ (l[=a]"s[i^]ng), n. 1. The act of securing, fastening, or tightening, with a lace or laces. [1913 Webster]
2. A lace; specifically (Mach.), a thong of thin leather for uniting the ends of belts. [1913 Webster]
3. (Naut.) 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. [1913 Webster]
4. (Bridge Building) A system of bracing bars, not crossing each other in the middle, connecting the channel bars of a compound strut. --Waddell. [1913 Webster]
5. A quantity of a substance, such as an alcoholic liquor, added to a food or a drink; as, punch with a lacing of rum. [PJC]
6. A beating, especially with a lash. [PJC] Laciniae