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Smash Champion
Peanuts do not mess with approaches. The only thing it is good for is free damage and edge guarding against a few characters.
I somewhat disagree with this. If your opponent somehow gets in your line of peanut fire and you land a few in a row, his first instinct is to blindly rush at you, which can start a banana combo.
I know because AZ did this to me in a tourney set at a big tournament and now I do it to others as well.