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Taking the Peanut 

A measure to quantify the unwillingness to have sex with another individual. By "Taking the Peanut" over a sexual encounter, you are choosing to eat a peanut that which you have ingested and passed through a bowel movement, with the allowance of being able to clean the peanut with only your hands and no other cleaning agents. This scale uses a 1-5 rating (ie. # of peanuts you are willing to eat). The next level on the peanut scale is to succumb to eating someone else's peanut. This secondary scale is also based on a 1-5 rating and must be clarified in one’s declaration.
Having seen the heinously fat and ugly girl, Ennio contemplated “Taking the Peanut” over the option of banging her. Ali, declared he would eat at least 2 peanuts to avoid the beast. Jason, went over the top and even offered eating 2 peanuts from someone else’s ass rather than to fuck her. Alessandro chose the girl…
Taking the Peanut by Big_Sak March 20, 2008
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three nut peanut 

someone who has multiple personalities, playing three different players
That three nut peanut is teaming up on me, the author is another three nut peanut
three nut peanut by 1willy April 8, 2011

Open the peanut butter

Said when a guy who hasn't gotten any in a while strikes out with another girl. Refers to the opening of a jar of peanut butter for the purpose of slathering said peanut butter on one's penis to provide a dog incentive to lick it.
Sexually frustrated man: "I just struck out again! Such a long dry spell..."
Friend: "Might be time to open the peanut butter"
Open the peanut butter by Wolf13 October 24, 2014

The Red Peanut

An extremely painful STD that will track you down no matter where you try and hide. Most common places to get it are Vietnam, Costa Rica, and of course Armenia. Please avoid this horrible disease at all costs, you do not want to catch the RED PEANUT!
Eric: Hey dude how was your trip to Bangkok
Jackson: Horrible, caught the red peanut my first day there . Felt like I was pissing razor blades out my dickhole for a whole week!

reverse sided double peanut butter 

Some wierd shit Isaac says
If shes mad at you, you should just hit her with that reverse sided double peanut butter.

Put that peanut butter on the jelly 

An instruction to perform a predetermined action or series of actions swiftly.
When my driver education student took a turn across oncoming traffic excessively leisurely I barked "Put that peanut butter on the jelly, son!"

jesus condom peanut butter 

Jesus condom peanut butter happens when someone eating a chicken sandwich gets pissed off
"Adrien, how's your mom"- Rami
"I'm so jesus condom peanut butter", says adrien with a mouth full of chicken and passion
"Well then stop watching vietnamese porn or I'll throw a grand piano on your velociraptor"