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peanut butter jelly time 

the title of a song, sung my a dancing bananna, this song involves strong lyricas and rude/sexual conteint.
when that little kid saw the bananna man dance, and cussing, he was scared for life

Peanut Butter Time

The act of laying on a recliner with your legs spread wide apart. Then dig your hand into a container of peanut butter. Spread that handful all over your scotum covering the entire base. It is also a good idea to put some on the tip of your dick. Then call your dag and or cat in and let them lick it off your scrotum.
Joao grabbed the Jiff peanut butter and loudly proclaimed so his dog could hear "Its peanut butter time."
Peanut Butter Time by phillip39 April 14, 2010

peanut but 

The bottom remainder of the peanut butter
Do your nut to scrape that peanut but.

peanut butter jelly time 

A creepy ass gif of a banana dancing back and forth constantly to mildly weird you out
" Like OMG that guy is such a peanut butter jelly time"

peanut-butter balls 

What you use to attack someone you don't like
Gustavo: "Mr. S. is being such a dickhead, I'm gonna get some peanut-butter balls"
peanut-butter balls by imhungry April 14, 2008

Peanut smuggling 

the act of smuggling peanuts.

"dude, i just came back from a peanut farm, and i did some mad peanut smuggling, yo. YEAH!"