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Peanut Butter Taco 

1. The act of placing peanut butter on one's pussy and having someone lick it off.
2. The act of placing peanut butter on one's pussy and having a dog lick it off.
~What I did to your mom last night.
~And your dad.

Peanut Butter Captain Crunch 

1)A deliciously yummy cereal.
2)A deliciously yummy cereal that Sarah denies people just to watch them squirm in agony after "accidentally" misinforming them of the unfortunate event that she has mistaken boring, bland, tasteless, disgusting, regular, Captain Crunch for delectable, delicious, crunchy, chewy, cheesy, melty, Peanut Butter Captain Crunch.
"Hey guys, guess what!!!"
"What?"
"I have Peanut Butter Captain Crunch in my cupboard!"
"You do?!?! HURRAY!!!" *DANCE*
*RUN RUN RUN*
"Whoops, my bad this is just plain, old, bland, tasteless, regular, Captain Crunch."
"NOOOOOOOOOOOOOOO!!!" *SOB*
"MWHUHAHAHAHAHAHA!!!" *EVIL GRIN*
(Based on a real life event)

Peanut Butthurt 

Peanut Butthurt is a play on the word "Peanut Butter". It is a sexual act that involves anal sex using crunchy peanut-butter as lube. Shards of peanuts that are present in crunchy-peanut butter can cause minute lacerations inside the rectum, which causes pain to the person on the receiving end of the "Peanut Butthurt". Hence the name.
Jack gave Samantha a Peanut Butthurt last night. Although it was pleasurable, Samantha was sore for days.
Peanut Butthurt by CrepescularMonty September 8, 2011

peanut butter and jelly 

The most amazing thing.

1/4 cup"Jiff" Peanut butter.
2 slices Cheap White bread.
1/4 cup "Smuckers" Any flavored jelly.

Bombdiggity.

"bubble bubble bubbly"

-Inhale

"keep it goin, keep it goin, its still cherried!"

Exhale-

"Dude, I'm hungry.."

"Peanut Butter and Jelly??"

"hahaha, yeah."

mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm.
mmmmmmmm.

Peanut Butter Handjob 

After a long day working the back door, he got a peanut butter handjob as a reward.

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.