Strive for peace & harmony between people; Show respect towards others; Try your best to be respectful towards others when trying resolve conflicts or disagreements; Create an atmosphere of understanding & trust; Make sacrifices or go out of your way if necessary in order achieve peaceful resolution .

This hadith is about the Prophet Muhammad's (PBUH) example of reconciliation between two parties, Bani Amr b. 'Auf, by visiting them and having Abu Bakr retrace his steps as a sign of respect for the people he was trying to reconcile with. This hadith teaches us that we should always strive for peace and harmony between people, even if it means making sacrifices or going out of our way to do so. It also shows us how important it is to show respect towards others in order for peace and understanding to be achieved, as demonstrated by Abu Bakr's actions in this hadith. We can learn from this that we should always try our best to be respectful towards others when trying to resolve conflicts or disagreements between people, as this will help create an atmosphere of understanding and trust which is essential for successful reconciliation efforts.