"Peanut Butter Jelly Time" is a popular internet meme that features a dancing banana. The meme originated from a flash animation created in 2002, which showcases the banana dancing to a catchy song about peanut butter and jelly sandwiches. It quickly gained popularity on various online platforms, becoming a staple of early internet culture. The phrase "Peanut Butter Jelly Time" refers to the joy and simplicity of enjoying a classic sandwich made with peanut butter and jelly. This combination is a favorite among many, especially children, and is often associated with fun and nostalgia in American cuisine.