WordNet sense 1 (a cord that is drawn through eyelets or around hooks in order to draw together two edges (as of a shoe or garment)):

lacing

WordNet sense 2 (make by braiding or interlacing):

braid, plait

WordNet sense 3 (draw through eyes or holes):

lace up

WordNet sense 4 (spin or twist together so as to form a cord):

entwine, interlace, intertwine, twine, enlace

WordNet sense 5 (add alcohol to (beverages)):

fortify, spike