Close to my house is a small city park. We would take the girls and our cat Taz for a walk there pretty often when they were young. It was a safe place for them to play and still be close enough to home to hear me whistle for them. There is actually another story there but it will wait to be told. Neighborhood kids would frequent the park as well.
A small creek ran through a valley in the center of the park, but it was usually pretty dry. The bottom of the creek created Peanut Butter Hill. When it rained the muddy side of the tall hill looked just like peanut butter so that is how it got its name. That is when all the kool kids came out to play a local game. The song says the rest, but only two people managed to make it all the way to the top with their hands in their pockets; myself and my daughter.
MIDIMike