Peanut Butter Jelly Time Share definition Flag When a woman spreads peanut butter and jelly on her genitalia, then is eaten out. "Peanut Butter Jelly time! Jennie!!" *sluurp* *smack* *sluurp* Peanut Butter Jelly Time by Ze shrew January 29, 2009 0 0 Get merch Get the Peanut Butter Jelly Time mug. Buy Now — $32.95 See more merch