It may not technically be peanut butter, but Walden Farms Creamy Peanut Spread is about as close as you can come and still be calorie-free. In fact Walden Farms Creamy Peanut Spread, is fat-free, cholesterol-free and sugar-free, too. So, what's in Walden Farms Creamy Peanut Spread that makes it taste authentic? Natural Fresh Roasted Peanut Flavoring. And it still tastes and spreads just like peanut butter without all that oil, so kudos to Walden Farms for a great way to enjoy "peanut butter" when your diet won't allow for all those sugar and fat calories.