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penis butter 

mmmmm. that "penis butter" was suberb!
penis butter by spann twin February 28, 2011

penis butter 

Any penis juice that you want it to be (Also simply slang for peanut butter)
From a song from the 60s by Archie Bell and the Drells: "Spread it on thick like penis butter and sperm"
penis butter by Andy1 January 19, 2004

Penis Butter 

Can I get a side of penis butter with my blowjob?
Penis Butter by That hoee February 21, 2013

Peanus Butter 

Spelled similar to "peanut butter", peanus butter is when you take peanut butter and spread it on some bread with your penis. Peanus Butter can be used as a noun (peanus butter) and a verb (peanus buttering). A peanus butter sandwich is when you keep your penis on top of the bread after spreading peanut butter and then put another piece of bread on top to create a sandwich with your penis in the center. This form of "art" is erotic and can be a variation of eating a dick.
That peanus butter sandwich is so tasty. The hairy skin tastes so good.

penis butter 

after i fucked the skank, she had my penis butter all over her cunt

Reece's Pheces Penis Butter Sandbitch

A sexual act of placing peanut butter on the penis, then proceeding to engage in anal intercourse followed by forcing the female participant to eat the end product resulting in a Reece's Pheces Penis Butter Sandbitch.
Yo I went full retard on this chick last night and made her a Reece's Pheces Penis Butter Sandbitch.