When a person, usually a man, puts peanut butter around, in or in the general area around his butt hole and has his/her dog lick it out.
No man has ever done the Campbell Peanut Butter Trick (CPBT) only once.
Jack: Hey man, I was home last night and I was really bored so i did the CampbellPeanut-Butter Trick.
Connor: Ew gross man, you would.
Jack: Nah man, its totally a hip thing right now.
Connor: As if! I bet you do it every day!
Jack: ...
When someone of shorter persuasion (preferably with large calves and short arms), covers his genitals with peanut butter, allows his or her dog to lick it off, causing ejaculation on the dog , which in return makes the dog bite his or her elbow.
Nickname given to bales of marijuana thrown overboard or out of airplanes. Origin is reportedly from members of the US Coast Guard in the area of Southern Florida.