Universal noun but normally pertaining to an immediate place or thing.
Man, its hot up in this pieece. (Out side on a Hot day.)
You better turn up the heat in this piece.(A car during winter time.)
I cant wait to be up out this pieece. (Get out of work hopefully early)
Cant wait to get me some of that pieece. (A female)
Whats up with this pieece? (A place of entertainment such as a theater or Restaurant that is not meeting the individuals expectations.)