Top definition
A sexy homosexual couple (two guys) that likes to joust, wear tight pink shirts, smack each other's butts, and do the "yes" dance together. One is black and one is asian, therefore they are referred to as "peanut-butter oreo". They are big supporters of the gay community and like to hold gay parades. The Derby is usually the male and the Miguel the female of the relationship.
"welcome to the jousting tournament, derby and miguel"
"derby and miguel look so good together"
"what time is the gay parade, derby and miguel?"
"get a room, derby and miguel"
by stepupmami August 12, 2008
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