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triple decker peanut butter and jelly sandwich 

The most heinous sexual act. So terrible that your friends can never speak to the girl you gave it to ever again. In addition, they are not allowed to be friends with you for a month. At the end of that month you'll still think it was worth it.
Where's Jim been?
I don't know, I can't be friends with him until August since he gave Jane a triple decker peanut butter and jelly sandwich.
Oh my god! That's awful.

The Peanut Butter has been spread 

A phrase used by a complete moron in a position of power noting that something has happened and is irreversible. Also that the consequences are inevitable.
During a recent conference call announcing layoffs, Vanessa noted that "the Peanut Butter has been spread". Guess she couldnt think of anything smarter to say. I wonder how she ever got her job.

toot toot peanut butter

An interjection used to request the forgiveness of another whom you have or soon will inconvenience. (a.k.a. Excuse Me, Pardon Me)
Sally said, "Toot toot Peanut Butter" requesting Sue to step asside as she passed through the narrow hallway.
toot toot peanut butter by BS August 10, 2004

reese peanut butter cup 

When someone smears peanut-butter on someone's butt crack, preform anal sex and then have the other person suck there penis.
wow some chick totally reese peanut butter cuped me yesterday!!!
reese peanut butter cup by Alec :) October 14, 2008

mexican peanut butter 

when a mexican shits and cums in a bowl and rubs it on the girls face.
i gave her my mexican peanut butter.

mix my peanut butter 

to "toss a salad" while cumming all over the floor of the room. Difficult to time properly, unless of course you are one of those guys who can get off just thinking about it.
Liia: I let Andrew mix my peanut butter sooo good last night!!
Josh: You are weird.
mix my peanut butter by pntmixer4000 December 15, 2008