1. Punchline phrase to the children
's song and/or finger play that goes:
A peanut sat on a railroad track,
His heart was all a-flutter.
Round the bend came Number 10,
Toot! Toot! Peanut Buttter!
2. Synonomous with "His ass got hammered
: Here's the handoff and OOOOH!!! WHAT A HIT!! That's GOTTA hurt!