OMG! Do you know it's Peanut Butter Jelly Time cursor time already? If you don't sing this song in your head after these words - you need to find out about this meme. PBJT is a flash animation where an animated Dancing Banana character sings a Peanut Butter Jelly Time song by The Buckwheat Boyz. This Dancing Banana video is known for being both obnoxious and funny and became a hit in the early 2000s, leading to PBJT-related merchandise and dozens of parodies and tribute videos on YouTube.