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Peanut Butter Party

The act of smearing peanut butter all over oneself and proceeding to have a 15 hooker gangbang.
I had a Peanut Butter Party last night and it was phenomenal!

Butter party 

The intricate procedure of making butter with friends. The process includes chugging as much milk as you can, then choking yourself with a long pole going up and down until butter starts to form. Slide the butter out of the anus into a square shaped container. Have a butter feast there after.
Mate, wanna have a butter party at my place?
Butter party by PoleChoker March 10, 2020

Polish Peanut Butter Party

a anal sex session dedicated to shitty anal.
hey girl, how does a polish peanut butter party (PPBP) sound?

Panty Butter 

The discharge and sweat from a chick's pussy that accumulates in the panties. Often becomes crusty over time. Can be scraped off and used as a spread on toast.
That bitch's panty butter went excellent on crackers!
Panty Butter by ball sucker 79 April 4, 2009

panty butter 

Massive quantities of vaginal discharge in the panties. Enough that you could take a knife and spread it on toast.
Greg and I were about to get it on until he saw my panty butter.

Better Party Syndrome 

More commonly known as BPS. This is a condition common in teens and college age persons in which one is perpetually unsatisfied by a given party, get-together, hoedown, blowout, rage, and/or shindig regardless of the actual quality of said event. This results in an inexplicable and insatiable desire to search for a superior party, thereby insulting the hosts and annoying all of their friends.
Sally and all of her friends are at a swinging high school get-together. Everyone is enjoying themselves; everyone that is... except for Sally.

Sally: Hey, so what's Billy up to tonight?
Friend X: Billy? I dunno. (while taking a shot)
<one minute later>
Sally: I just texted him! He says he's having people over. We should go!
Friend X: Why?
Sally: I don't know. I'm bored. Let's check it out. (looking nonchalant)
Friend X: Ugh. Fine. (turning to Friend Y) We're going to Billy's.
Friend Y: Looks like another night ruined by BPS (Better Party Syndrome).