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The Reese's peanut buttercup is the act of trying to go to third base while your parents are home. In order to do this, you must reach into the girls pants and try to finger her while she lies on top of you with both your clothes are still on. This follows after hooking up and boys desire to go farther. The results may vary but it still contains enormous amounts of awkwardness. However, this method can be very useful because you can brag to your friends about going to third when, in fact, u haven't gone past 2nd.
Girl: wanna hook up?
Guy: nah lets go to 3rd this time.
Girl: No!
Guy: fine how about The Reese's Peanut Buttercup method?
Girl: Perfect
by The Red Pillow February 26, 2012
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