(Noun) A mix of sperm and lube that occurs after you F$#k the shit out of someone.
Dude my dick was covered in penis jelly last night.
by Drunkwonderbread August 06, 2014
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A Penis Butter and Jelly sandwich is when a guy cums in a girls vagina when shes on her period and there is a mixure of blood and jizz oozing from her slot. Her vag flaps supposedly being bread
I totally gave her a Penis Butter and Jelly

He lightly enjoyed the sight of her penis butter and jelly sandwich, he hated the taste
by NinjaSammichBear January 17, 2011
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