Green’s Dictionary of Slang

ace v.

[the supremacy of the SE ace in cards]

1. [1920s+] (US) to survive, esp. to survive intensive police interrogation.

2. [1920s+] (US) to manipulate someone, esp. through flattery or deception.

3. [1940s+] (US) to move or drive fast.

4. [1950s] (US) to lead.

5. [1950s+] (orig. US campus, also ace it, ace out) to do well, to succeed, e.g. in an examination.

6. [1950s+] to outwit.

7. [1960s+] to kill.

In phrases

ace in (v.)

1. [1920s–30s] (US tramp) to curry favour successfully.

2. [1930s–70s] (US Und., also make an ace-in) to interfere, to become involved with.

3. to trick into.

ace it up (v.)

[1980s] (Aus.) to stop doing something, usu. as imper.

ace out (v.)

1. [1950s+] to defeat, to take something away.

2. see sense 5 above.