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peanut butter jelly 

To shake your butt in a Shakira/Beyonce way
During a hip-hop dance, she did a peanut butter jelly

peanut butter and jelly 

When you butt fuck a girl and get the peanut butter poo on your dick and then fuck her vagina while she's on her period with the jelly. The peanut butter dick may or may not be inserted into the girl's mouth.
I heard that skank-ass hoe loves butt sex and fucking on the rag. She even likes peanut butter and jelly.

peanut butter jelly 

peanut butter jelly with a baseball bat
peanut butter jelly by CAS December 14, 2003

peanut butter and nana sandwich 

A food that will definitely cause weight gain.
Derived from a comedy routine in Oklahoma City by a couple of DJ's poking fun at Elvis Presley.
After singing Blue Suede Shoes, Elvis left the building to get a peanut butter and nana sandwich.

peanut butter pie 

true/real as peanut butter pie

something you say when you think or know someone is lying to you

either:
1.not true/real but should be
2.not true/real but wish it was

1.
"world peace is about as real as peanut butter pie"

2.
guy: its true, i love you
girl: true as peanut butter pie. you just wanna get some

peanut butter on toast 

The act of feeding your partner peanuts an hour or so before anal sex, a good hard pounding will make the halfway digested peanuts come back out their mouth like soft serve ice cream. It is important for this to be done near a toaster or with toast on hand so the poundee can "soft serve" the pb on the bread before handing it to the pounder for consumption. Note: wait only 1 half hour if chunky pb is desired.
" Man I sure am full after having that peanut butter on toast my cellmate made for me."
peanut butter on toast by sinonskin December 26, 2009