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The scared, panicky feeling you get when you see poop on your dick after you pull it out of a person's ass after anal sex.
Person 1: How was your first time doing anal?

Person 2: It was great, until I got the peanut butter panic.
by deltabeta April 04, 2021
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Literally everyone, ever. Including the writer of this definition.
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2
The scared, panicky feeling you get when you see poop on your dick after having anal sex with someone.
Person 1: How was your fist time having anal sex?
Person 2: It was great, until I pulled out and I got the Peanut Butter Panic
by deltabeta April 04, 2021
Get the Peanut Butter Panic neck gaiter and mug.