A sweet butter with a salty after taste that is excreeted by a dad that is at least 40 years of age. The act of making daddy butter involves a ritual performed "shaking hands" in a basement for hours with your dad.
"I can't believe it's not daddy butter!"

"I can't wait to make daddy butter later!"

"Butter...DAD!"
by DjRapeClinic January 5, 2012
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A term used to refer to Nutella that you don't want your kids to eat so you can have it all.
Kid: Mom can I please have some of that delicious chocolate/hazelnut spread on my toast?
Mom: No you may not. You know that's daddy's butter.
by MM406 November 28, 2016
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