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peanut butter in the carpet 

After a particularly greasy, oily, and runny dump, you realize you are out of toilet paper. Having no choice, you pull up your pants and head off to work with turds and the like all intertwined with your butt hair thus giving the appearance of peanut butter in the carpet.
My girlfriend puked last night in the middle of my bj. Turned out she found some peanut butter in the carpet.
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peanut butter heart attack 

That strange, uncomfortable pressure you get in the back of your throat/chest after eating too much peanut butter.
"Dude I just ate 3 peanut butter and jelly sandwiches. I think I'm having a peanut butter heart attack!"

"Damn bro you need to chill out with the peanut butter."

Peanut Butter and Jealousy Sandwich

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.

Works for either two women jealous of the other for being around one guy, or vice versa.
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."

Peanut Butter Penis 

This is a sexual action you perform on someone who is highly allergic to peanuts. About an hour before you have sex, take standard peanut butter and spread it over your entire penis. Next wash off the peanut butter so that it is not visible, but the residue still remains. Then you have sex with the special individual, who will not notice right away, but the next morning she will feel very uncomfortable. When she checks herself out she will see a large rash in her vaginal area from the peanuts and think that you gave her herpies.
"Hey I heard you had sex with Loreah last night!"

"Yeah, she has an allergy to peanuts so I gave her the peanut butter penis!"

"Haha no way...blllllattttt!!"

Peanut Butter and Jealousy Sandwich

When you are stuck between two people that want you 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."

peanut butter schpaloozy 

the art of saving a chair or sitting place, once you leave that spot.
i got up from my chair and called peanut butter schpaloozy, thus saving my chair for future use.

peanut butter and gumballs 

The best topping combo for Pizza, as seen by Crazy Eyes
"peanut butter and gumballs, good combo"