A consensual, intimate activity among friends, characterized by the application of peanut butter on each other's genitalia, followed by the act of licking it off as a form of mutual pleasure.
"The group decided to engage in peanutparty during their gathering, emphasizing consent and hygiene throughout the experience."
It is said of the situation where a person has the bad luck to make contact with his testicles against an undefined surface or object, intentioned or not.
Given the nature of the word, it is more appropriate to design cases where the interaction is made with a moving object, for example, a ball.
Although it is extremely painful for the victim, it tends to be considerably funny to people who witness it.
Today in the baseball game the pitcher took a nutshot; the baseball hit him in the nuts.
Man, I just watched the funniest nutshot video ever.