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Peanut Butter Sponge 

1 (n) public humiliation due to the disclosure of one's use of chunky peanut butter as a personal lubricant

2. (v) To humiliate one's opponent in an obscene manner.
Noun usage: Luke felt peanut butter sponged after having mistakenly left evidence of the previous nights escapade in the kitchen sink.

Verb usage: Simon didn't just win the contest - he totally peanut butter sponged Erik's pathetic challenge.
Peanut Butter Sponge by Puji March 23, 2009

peanut butter bucket

That move was peanut butter bucket

These fries are peanut butter bucket

Peanut Butter Hips 

A girls hips are rubbery, looking like peanut butter and have canyon thighs.
Damn. Look at that bitch, she got the peanut butter hips and everything!

peanut butter lollipop 

Eating peanut butter, either crunchy or creamy, from a spoon.
Luscious Lucy: I really need a snack, but I don't want to eat too much bread today.

Raunchy Randy: Make yourself a peanut butter lollipop!

Luscious Lucy: What's that?

Raunchy Randy: Dip any size spoon into a jar of peanut butter and lick away!

Luscious Lucy: Yum, I think I'll try it right now!

peanut butter basher

A sexual act that involves taking a basball bat to someones ass, inserting it, and swirling it around. When it it removed, a peanut butter like substance will be extracted and found on the end.
Don't piss me off, I've got a bat and I'll give you a peanut butter basher.

peanut butter jelly and ass hole sand which 

When you put peanut butter and jelly on your shlong and anally rape a man. This term was first used in the adult swim show the boondocks.
Bob has a really juicy ass. I really wanna give him a peanut butter jelly and ass hole sand which.