Volume of distribution (Vd) is the theoretical volume that a drug occupies in the body based on it's solubility and ease of ionisation/charge and size, this includes all 'body compartments' i.e. fat, intracellular fluid, extracellular fluid (including blood plasma). This is if it is equally distributed (hence the theoretical part as this often does not happen in reality).
It may not be the actual volume that it takes up, e.g. Vd can be a greater volume than the actual total volume of the body, this is because it may be much more soluble in some compartments (especially fat if it is lipophilic) and so a greater density of drug is stored there in reality. It can also be affected by how readily the drug binds to plasma proteins.
Vd depends on the size of dose given and the plasma concentration achieved, and so can be calculated from these (Vd = dose/plasma conc).
Peak plasma concentration is exactly that, it is the maximum concentration of a drug that can be achieved in blood plasma, and occurs when input of drug (oral/IV etc) is equal to elimination (removal of drug from plasma by liver and kidneys).