The term 'LACE TAG' is a combination of two words, 'LACE' and 'TAG'. The first word, 'LACE', refers to a type of fabric made by interlacing threads in a web-like pattern. It is often used to make clothing, curtains, and other decorative items. The second word, 'TAG', refers to a small piece of fabric or paper attached to an item for identification or decoration. The crossword solution for this term is 'AGLET', which is a small plastic or metal tube that is used to cover the ends of shoelaces and drawstrings. Aglets protect the ends of the laces from fraying and make them easier to tie.