Verse 15
Four imperatives in Colossians 3:15-17 identify the precepts believers must follow. The first of these is "let rule." When Christians need to make choices, the peace that Christ produces in our hearts should be a determining factor. [Note: Lightfoot, p. 221.] We should choose what will result in peace between us and God, and between us and one another, if such a course of action lies within God’s moral will (cf. John 14:27).
"This directive forms, with the Word of God and the witness of the indwelling Spirit, one of the most important principles of guidance in the Christian life." [Note: Johnson, 481:30-31.]
When these three indicators line up we can move ahead confidently. Realization of the unity of the body and the peace of Christ results in thankfulness that should also mark our behavior. The second imperative is "be thankful."
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