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When you yourself are stuck between two people that want you (be it sexually, emotionally, for a relationship, or simply due to territorial instinct), and consequently hate each other.
Dude: "Oh, man... is that Karen??"
Bro: "Woops... yea... she totally just saw me with Steph!"
Steph: "Who's Karen???"
Dude: "Wow... well, I hope you enjoy your peanut butter and jealousy sandwich."
by IanE May 29, 2008
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Peanut butter and jealous

Something a brown dachshund might say as an insult while in a fight with a yellow cat wearing a pink collar
"Is that what you eat for lunch everyday? A peanut butter and jealous sandwich?"
by Angel66666 May 22, 2022
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