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Lumpy Peanut Butter 

Accomplishing a Lumpy Peanut Butter is no walk in the park. Many have failed resulting in massive injury. The first step in completing this amazing feat requires courage. First, the male (or shemale) will stick is entire scrotum into an inhabitted wasps nest and rapidly shake and thrash about as if the person was having a seizure. Next, the person will submerge their now lumpy sack into a jar of skippies peanut butter. Finally, the person will hang closely infront of a pack of starving wolves and wave their now perfectly prepaired testicles in a taunting manner. They will ultimately be torn to shreds resulting in the greatest high of all time, otherwise known a s a super high.
Andy- Hey man i just did a Lumpy Peanut Butter!
Josh- Wow really?! How was it?
Andy- FUCKING AWESOME!!!
Lumpy Peanut Butter by ABurrgess January 4, 2013

Dick in the Peanut Butter 

Man why you always gotta have your dick in the peanut butter

The Peanut Butter Cup 

When having anal sex with a fat chick, you pull your dick out and you fill her belly button with the shit stuck to your dick.
So I'm slammin it in her soupbean and I consider going for the pink sock, but since I work for her dad, I decided to just give her The Peanut Butter Cup instead.

dirty peanut 

after having anal sex, a man wipes his penis in a circle around his partner's eye, forming a fecal marking which resembles the eyepiece of the Planter's peanut character
After anal sex, a man surprised his partner by giving her a dirty peanut, much to her dismay.

Holey Peanut 

The religion that revolves around the creation of the universe via a peanut, and the prophets Medardo and Kaiser, all given from the viewpoint of an überlord, Kuklinski. An interesting, yet humerous, tale about the life and crucifixion of Medardo, and Kaiser's numerous fights with the Greco-Roman gods.
0:0 Kaiser
And, on the first day. Kaiser created nothing. On the second day, Kaiser made a peanut butter and mayonaise sandwich. On the third, fourth, and fifth days, Kaiser took a nap. On the sixth day, when he woke up...
Holey Peanut by Antman April 1, 2004

the peanut butter effect 

A lingering smell.

HISTORY
When one eats peanut butter the smell of peanut butter sticks with them for a extended period of time even though all evidence of the peanut butter is gone.

Often related to other items of similar consistancy. (read:feces)
Example 1:
A dog does his business outside and comes in to sit beside you. The dog smells very much like his dirty business even though his anus is completely free from 'cling-ons'. This is the peanut butter effect.

Example 2:
One is doing laundry and notes the 'peanut butter effect' on a pair of underwear. The underwear may only inhibit a foul smell or may be accompanied by 'skid-marks' after being well used.