How do I get the color back in my lips? Will a chemical peel achieve this? (photos)

Because the color loss is the loss of melanin from the skin cells that produce it there may be several things to try to restore it.  Latisse (bimatoprost) can cause melanin generation, and can be tried as a topical preparation.  It is also possible to get repigmentation with an Eximer laser.  Lastly, a skin graft, actually from the inside of the mouth, might repigment the skin.