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peanutbutter rag 

the towel used and reused to catch a man's genetic material (sperm), so he dosen't get it on his bed, body, dog, ect. (the name is derived from the distinctive scent that the towel has because of its repeated use without being cleaned).
Troll was bored so he got out his peanutbutter rag when he started to play, so he could catch his "fun".
peanutbutter rag by Chia37 November 12, 2005
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peter pan peanutbutter alert 

When the shelves at a grocery run out of peter pan peanutbutter.

Peanutbutter Pussy 

brush that poor dog it licked peanutbutter pussy

peanutbutter door nob 

A girl that spreads and everyone gets a "turn" with.

space peanutbutter 

space peanutbutter by numbznutz September 25, 2014

Peter Pan Peanutbutter Alert 

A similar event to Emergency Meeting, hosted by Andrew and Tristan Tate. It is a meeting that is casual in setting but serious in topic.
"I'm going to gather the five most perspicacious and indefatigable men I know and hold a Peter Pan Peanutbutter Alert to discuss the future of society whilst smoking cigars"

Alabama Peanutbutter Sandwich

An Alabama Peanutbutter Sandwhich, can only be described as the best way to get revenage on ones female enemies. You simply slather peanutbutter on ones penis and comence to have sex with the feamle enemy. This will result in a yeast infection. Have Fun! *note* Great for getting even with mother-in-laws,ex-wives,ex-girlfriends,etc. *Other Note* Any peanutbutter is acceptable. (crunchy and extra-crunchy included)
"My mother-in-law was being a bitch last night, so I got her drunk and gave her an Alabama Peanutbutter Sandwich."