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1.
The residue left on the knickers of a woman with loose morals and questionable hygiene.
"Yes I did sleep with that slighty filthy young lady; you should've seen the Skunk Butter she left on my bed-sheets".
by Chi Chi Man September 20, 2009
 
2.
Skunk Butter is a substance created by mixing the popular recreational drug skunk with butter through a process of heating. The result is a spreadable, edible substance in which the active ingredient of the drug (THC) is said to be intensified.
“These Skunk Butter sandwiches are amazing; I'm off my trolley”.
by Chi Chi Man October 30, 2009