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peanut butter jelly time 

A moment when you have the urge to dance to the song "Peanut Butter Jelly Time."

peanut butter sandwich 

the act of shitting between the boobies of your partner and then proceeding to tit fuck her.
what happened to your peanut butter sandwich.....oh i gave it to your mom:)

peanut butter jelly 

An awesome song by The Buckwheat Boys. If you don't like it, you gay 'cause it has gret vocals and fantastice instrumentals.
Let's hear it for the dancing banana!

Peanut Butter and jammin it. 

"slang" when someone asks you whats goin, peanut butter and jammin it is equivalent. to "nutin much" or "just chillin"

peanut butter poops 

the smear of poop left on the toilet paper after you have wiped repeatedly.
brittney: are you alright in there? youve been in there forever.
Tabitha: yeah ive got a bad case of peanut butter poops
peanut butter poops by bnt07 November 22, 2011

Peanut butter cup 

Peanut butter cup = fucking a constipated chick up the ass, getting your dick nice and chocolaty, putting some PB on it, then having them lick it off.
My girlfriend was a little bloated, so I helped her out with a Peanut butter cup!