A type of lubricant used for cowboy gay sex.
Just spread between the buns.
SODOMI.
Jason: hey mike, come join me in bed.
Mike: yeh let me just get the peanut butter.
by Michelle Widjaja April 15, 2008
A lubricant males tend to rub on a female's body so as to strengthen the flavour.

It can also be taken alone, but it is not highly recommended.
-"Go on, let's have sex"

-" Hold on honey, let me rub this Peanut Butter on your booty first.·
by Da Hangover May 08, 2014
Most frequently used when playing the card game Bull Sh*t (bs- other wise said bad spaghetti). After the person next to you has laid their card/s down, you say peanut butter to indicate that you lied and got away with it.
Bob: (lays down cards) 3 sixes.
Dan: (lays down card) 1 seven.
Bob: Peanut butter!
by Alex Kelm March 16, 2008
Pronounced pea nut butt her. When you bust a nut with your peehole in her butt.
I peanutbuttered that bitch.
by KRinnovations November 23, 2013
as opposed to jamming a dick into an orifice, one peanut butters a dick into an orifice
A: "dude what's the difference between peanut butter and jam?"

B: "I dunno? what?"

A: "you can't peanut butter a dick into an asshole!"

B: "you obviously aren't trying hard enough!"
by holyshitaduck! March 12, 2013
When one's ball sack sticks to his legs
"God damn, I have peanut butter again."
by edwarddompnoggin82 January 01, 2010
A term used by Hockey players to describe a shot that goes into the net and gets stuck between the netting and top back white bar.
Nichols walked in, picked the top corner on the Goalie and sniped it right into the Peanut Butter.

Bartley: Dude did you see Knoop get sniped high glove by Nichols?

Abbott: Oh yeah! He roofed it straight to the Peanut Butter!! I wish I could dangle and snipe like him..
by Nicks1026 December 09, 2009

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