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Peanut Butter Jelly Popsicle 

A noun or sometimes action that refers to fucking a girl in the ass so hard that when you pull your dick out it is covered in shit and blood making it look very similar to peanut butter and jelly. The girl the precedes to suck the shit and blood covered dick like a popsicle.
Dude I totally gave my girl that good Peanut Butter Jelly Popsicle last night!

Peanut Butter Jelly The Long Way

A classic Peanut Butter and Jelly sandwich made using any kind of long bread, typically a whole baguette. These can either be cut up and shared it they can be eaten whole as a simple guilty pleasure.
"Damn I'm feeling hungry, might go for a Peanut Butter Jelly The Long Way."

Peanut Butter Jelly on my Candy Rod 

Bytty's member, coated in PB&J

Peanut Butter Jelly Time 

Internet phenomenon. It began with a song by the Buckwheat Boyz by the same name. A Flash animation shows a highly pixelated banana with four limbs dancing to the music.

In Family Guy, Brian dressed up as a banana and danced to cheer up Peter.
Computer speakers-"It's peanut butter jelly time, peanut butter jelly with a baseball bat"

Guy-"Why is there an anthropomorphic banana on this computer screen?"

Peanut Butter Jelly Time ('PBJT') 

- Noun
- A point in time when a feeling of relief, excitement overcomes a person.
After filing the 3rd Qtr 10-Q for Petrohawk, which entailed 2 wks of working 70+ hrs a week, the Petrohawk engagement team got up and screamed, "It's Peanut Butter Jelly Time ('PBJT')!"

Peanut butter jelly sammich 

When your girl eats smucker’s jam out of your Anus while jerking you off with whole wheat bread
“Hey babe, can I get one of your world famous peanut butter jelly sammiches”?