2 definitions by The Tao
It is slang for anal sex. The peanut butter is feces, and the jelly is KY Jelly. That's why a baseball bat is mentioned.
"It's peanut-butter jelly-time, peanut-butter-jelly-time, ...peanut butter jelly with a baseball bat."
by The Tao September 10, 2008
Anal sex. Also known as "Santorum-time." Santorum meaning "that frothy mixture of lube and fecal matter that is sometimes the byproduct of anal sex."
by The Tao September 10, 2008