Peanut Butter Jelly Popsicle
A noun or sometimes action that refers to fucking a girl in the ass so hard that when you pull your dick out it is covered in shit and blood making it look very similar to peanut butter and jelly. The girl the precedes to suck the shit and blood covered dick like a popsicle.
Dude I totally gave my girl that good Peanut Butter Jelly Popsicle last night!