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peanut butter 

A type of lubricant used for cowboy gay sex.
Just spread between the buns.
SODOMI.
Jason: hey mike, come join me in bed.
Mike: yeh let me just get the peanut butter.

Peanut Butter 

Most frequently used when playing the card game Bull Sh*t (bs- other wise said bad spaghetti). After the person next to you has laid their card/s down, you say peanut butter to indicate that you lied and got away with it.
Bob: (lays down cards) 3 sixes.
Dan: (lays down card) 1 seven.
Bob: Peanut butter!
Peanut Butter by Alex Kelm March 16, 2008

Peanut Butter 

A term used by Hockey players to describe a shot that goes into the net and gets stuck between the netting and top back white bar.
Nichols walked in, picked the top corner on the Goalie and sniped it right into the Peanut Butter.

Bartley: Dude did you see Knoop get sniped high glove by Nichols?

Abbott: Oh yeah! He roofed it straight to the Peanut Butter!! I wish I could dangle and snipe like him..
Peanut Butter by Nicks1026 December 9, 2009

peanut butter 

random stranger "hey"

you "PEANUT BUTTER IS THE ANSWER!" *runs away*

1 year later stranger thinks "what was he talking about!!!????!!!
peanut butter by schloppy July 22, 2010

peanut butter 

A substance used by lonely women if they have a dog to recieve oral pleasure.

OR

Butter with peanuts in.
"My dog licked my poon after I spread peanut butter on it," *Smile*

"My butter has peanuts in."
"Dude that's peanut butter"
"Fuck off you queef sucker"

Peanut Butter 

A lubricant males tend to rub on a female's body so as to strengthen the flavour.

It can also be taken alone, but it is not highly recommended.
-"Go on, let's have sex"

-" Hold on honey, let me rub this Peanut Butter on your booty first.·