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Peanut butter Waffle 

The act of spreading peanut butter on the male genitilia before jizzing and stuffing it in a toaster, therefor short-circuiting the toaster and giving a massive orgasm.
John did a Peanut utter waffle on power level 10 and killed himself.
Peanut butter Waffle by John January 9, 2004

peanut butter waffle 

Ryan choo choggers his dog and his piano. He enjoys ramming large objects into his anus hole.
Ryan you as a Anus Hole choo chogger

peanut butter waffle 

elias likes to suck his wang all night long. he is a choo chogger

I'll butter your waffle 

I'll butter your waffle, John.
i.e. I'd give you a hug, John.