The Collaborative International Dictionary of English v.0.48:

Pace \Pace\, v. t.
   1. To walk over with measured tread; to move slowly over or
      upon; as, the guard paces his round. "Pacing light the
      velvet plain." --T. Warton.
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   2. To measure by steps or paces; as, to pace a piece of
      ground. Often used with out; as, to pace out the distance.
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   3. To develop, guide, or control the pace or paces of; to
      teach the pace; to break in.
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            If you can, pace your wisdom
            In that good path that I would wish it go. --Shak
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   To pace the web (Weaving), to wind up the cloth on the
      beam, periodically, as it is woven, in a loom.
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