From audience participation in the Rocky Horror Picture Show. When dinner (E.T.'s head, or Madonna's clit, or Meatloaf, depending on what the audience says) is served, as the carver slices the meat, the audience yells this.
It's the Black and Decker Pecker Wrecker! It slices, it dices, it even circumcizes!
When a person of the female sex has braces and wants to perform oral sex on your heat seeking moisture missle, but you dont want her to.
Man, that bitch is hot! i wish she'd blow my one-eyed trowser trout....wait.....wait....oh man, braces....? Never mind she's a black and decker pecker wrecker
Term used to describe the act of a one with braces to give a pickle wash to an unlucky guy. Sometimes painful because of the massive ammount of hardware coming in contact with the peener