A Orginaly song by Buckwheat Boyz.
Then the Song was remixed. And also used for that bannanna flash video, which in turn make everyone laugh on the net.

Baseball bat is a guys dick
Peanut butter is in the ass (shit)
Jelly time - KY jelly time
Doing a girl in the ass with KY jelly and a big shlong (dick).

"hey girl, u a freak, Imma bout 2 do it peanutbutter and jelly time with a baseball bat"

"As I was pounding this girl from doggie style... The all of a sudden I said IT'S PEANUT BUTTER JELLY TIME. And jammed my dick in her ASS!"
by Bluk9t December 1, 2005
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Sex between 2 Latinos. peanut butter referring to the color of his penis and jelly to how wet the Latina female gets. Obviosly the baseball bat is his penis.
Baby I think its peanut butter jelly time.
by pb&j lover April 16, 2010
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having sex and adding peanut butter to the penis and jelly to the vagina and having a "good time"
Dude i love the song peanut butter jelly time cause it reminds me of last night.
by j money444 October 24, 2010
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A point in time at which an individual is so poor, the only food that s/he can afford to eat is peanut butter and jelly sandwiches.
Kim: Hey, girl, you wanna go to Chili's for lunch today?
Jessica: No, I can't. It's peanut butter jelly time.
Kim: Damn. Maybe next week when you get paid?
Jessica: Yeah. That'll work.
by xeyla April 26, 2009
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The result of an feceal infected pussy from fucking "bi" sexual men, dickheads that don't wash or shitskins.
In Africa they probably have so many diseases from the idiot shitskins making to many peanut butter jelly sandwiches with the dumb bitches.
by Onan August 30, 2003
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