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When you yourself are stuck between two people that want you (be it sexually, emotionally, for a relationship, or simply due to territorial instinct), and consequently hate each other.

Works for either two women jealous of the other for being around one guy, or vice versa.
Dude: "Oh, man... is that Karen??"
Bro: "Woops... yea... she totally just saw me with Steph!"
Steph: "Who's Karen???"
Dude: "Wow... well, I hope you enjoy your peanut butter and jealousy sandwich."
by N331 May 28, 2008
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When you are stuck between two people that want you and consequently hate each other.
Dude: "Oh, man... is that Karen??"
Bro: "Woops... yea... she totally just saw me with Steph!"
Steph: "Who's Karen???"
Dude: "Wow... well, I hope you enjoy your peanut butter and jealousy sandwich."
by IanE May 30, 2008
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Peanut Butter Hot Dog

When a man slides his dick between a girl's ass cheeks as she poops.
Man: I want to try something new to spice up our sex life.

Woman: What about a peanut butter hot dog?
Man:...I knew I married you for a reason.
by Klaus the Omnienthusiast August 31, 2013
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Peanut Butter Hand-Shake

A prank where you accidentally or intentionally get shit on your fingers (see Peanut Butter Fingers) then shake the hand of a friend (or enemy)
To get even with my ole buddy Brian I believe I'll give him a Peanut Butter Hand-Shake
by nibbles1969 February 12, 2015
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Peanut butter jelly sammich

When your girl eats smucker’s jam out of your Anus while jerking you off with whole wheat bread
“Hey babe, can I get one of your world famous peanut butter jelly sammiches”?
by Penisbutterandjam October 12, 2018
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peanut butter barfey baby

A clever nickname you give your friend when they are being silly and you’re feeling funny . This nickname can be used when you feel like it. This nickname is a good connotation so you want to be a peanut butter barfey baby.
“Oh karly you’re my peanut butter barfey baby”
“You’re such a peanut butter barfey baby”
by peanutbarfeybaby69 September 29, 2019
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peanut butter woo woo

The pasty formation consiststing of Smegma and moist anal drippings that collect in or around the male genitalia.
After the gang bang I had so much peanut butter woo woo built up I needed a putty knife to get it off
by Bcapt2 February 3, 2017
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