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1.
The act of yanking one's tie as hard as possible to create an unbreakable knot resembling a peanut.
A: What's wrong?
B: Gary just administered a savage peanutting. points at tie, I cant breath...
by barry glitter October 31, 2011
 
2.
the act of lubing your dick with peanut oil, and receiving oral sex from a person with peanut allergies. their throat will close up causing immense pleasure. somewhat like a Donkey Punch
i was peaNutting with this girl last night. it was awesome. for me at least

see also donkey punch
by werbz September 07, 2014