There's a lot of flexibility with Peanut Butter and Cheese.
If you want to perform standing up with a glass, you can. Here's a handling performed by Adam Wylie:
https://www.instagram.com/reel/C4tGY1XpT6Y/
If you want to perform on the table you can. Here's the multiphase routine I do:
https://www.instagram.com/penguinmagicshop/reel/CpgYIPyLNvb/
You can do those phases in any order and there are several other phases discussed in the tutorial. The actual cards can be used to for other effects as well.