by Koch Master June 20, 2009

it's the dancing banana. It is something you say to another person when they are feeling a bit down. You try to cheer them up by saying this and you do a little dance.
search 'peanut butter jelly time'
by Diana BoBana FeeFiFoFana December 30, 2007

by Hoebag818 May 8, 2007

by Jay Bob July 13, 2007

It is slang for anal sex. The peanut butter is feces, and the jelly is KY Jelly. That's why a baseball bat is mentioned.
"It's peanut-butter jelly-time, peanut-butter-jelly-time, ...peanut butter jelly with a baseball bat."
by The Tao October 24, 2008

A jelly dong which is double ended. It is used specifically to pleasure the vaginal and/or anal orifices of a lady or two ladies simultaneously. It can also be used on gay men.
The phrase is also historicaly used to make fun of the South Asian accent as they traditionally have trouble saying it.
The phrase is also historicaly used to make fun of the South Asian accent as they traditionally have trouble saying it.
by Kumar Nahimaputalam July 28, 2008

An american concoction in which a sandwich is created consisting of Peanut Butter, Jelly, and Bread, in little time, yet full of awsomness
Dude1 : If the zombie apocalypse started right now, what would you bring with you?
Dude2 : Idk...(thinking)... oh yeah, the peanut butter and jelly and lots of bread
Dude1 : F**k yeah! Peanut Butter and Jelly Sandwich's for life!
Dude2 : Idk...(thinking)... oh yeah, the peanut butter and jelly and lots of bread
Dude1 : F**k yeah! Peanut Butter and Jelly Sandwich's for life!
by kadugan June 9, 2012
