Green’s Dictionary of Slang

lace v.

[SE lace, to set upon with a whip or lash]

1. to beat.

[UK]Merrie Dialogue Between Band, Cuffe, and Ruffe A1: : Well, Band, looke to thyselfe, for if I meet thee, I will lace thee roundly. band: Lace me? thou wouldest be laced thy selfe.
[UK]Bailey Universal Etym. Eng. Dict. [as cit. c.1698].
[UK]‘Bill Truck’ Man o’ War’s Man (1843) 69: Give the quibbling scoundrel a starting; lace him up smartly!
[US]Matsell Vocabulum 49: lace To beat; to whip.
[US]Spirit of the Times (NY) 4 Feb. 1/2: Trim his jacket — lace him — aim at his fifth button.
[UK]G.F. Northall Warwickshire Word-Book 129: Lace. To beat, thrash, castigate.
[US]Jackson & Hellyer Vocab. Criminal Sl.
[US]Irwin Amer. Tramp and Und. Sl. 118: Lace. – To punch, beat or manhandle. Transplanted from England, where it was used as early as the 18th century.
[UK](con. 1912) B. Marshall George Brown’s Schooldays 6: They bend over you and lace you for nothing and it’s pretty sucky I can tell you.
[US]H. Ellison ‘Students of the Assassin’ Deadly Streets (1983) 189: Pepper would lace him [...] with a glove-ful of half-dollars.
[US]Ragen & Finston World’s Toughest Prison 807: lace – To punch, beat or manhandle.
[Ire](con. 1920s) L. Redmond Emerald Square 61: He gazed along the lines of scared boys, looking for a chance to lace one of them, a Kerry expression we had come to understand without the aid of a dictionary. It simply meant he would beat the daylights out of you.

2. (US) to beat in non-physical sense.

[US]W. Winchell On Broadway 5 Aug. [synd. col.] Arnold Rothstein [...] laced Nick [the Greek] for several hundreds of thousands, which he settled in cash.

3. (US) to swindle.

[US](con. 1940s) J. Brown Monkey Off My Back (1972) 74: I’d laced me one joker for eleven hundred dollars.

4. to shoot.

D. Ballenger Terror at Sea 54: I thought sure they’d lace us after they got the photos.

In phrases

lace into (v.)

to attack, to beat, to thrash; also fig. use.

[US]H.C. Witwer Fighting Blood 292: When the sport writers find out I am not kidding, why, they laced into me with a gusto!
[US]T.I. Rubin In the Life 10: I get you. Like lacing in to someone. Like putting on the screws.
lace someone’s jacket (v.) (also lace someone’s coat)

to beat up, to thrash.

[UK]B.E. Dict. Canting Crew n.p.: I’ll Lace your Coat Sirrah, I will Beat you soundly.
[UK]New Canting Dict. [as cit. c.1698].
[UK]Grose Classical Dict. of the Vulgar Tongue n.p.: Lacing, beating. I’ll lace your jacket handsomely.
[UK]Lex. Balatronicum [as cit. 1785].
[UK] ‘The Bill Sticker’ in Nobby Songster 7: There are some coveys in our trade, deserves their jacket laced, sir.
[US]W.G. Simms Sword and the Distaff 507: Lace my jacket! Hickories! I dare you.
[UK]Hotten Dict. of Modern Sl. etc. 57: I’ll lace your jacket.
[UK]Hotten Sl. Dict. [as cit. 1859].
[UK]Sl. Dict.