Cream cheese on a bagel is delicious, but NOT with Jelly. The only thing appropriate on a bagel with cream cheese is either chives, scallions or lox.
Cream cheese and grape jelly (note that it must be GRAPE jelly) is wonderful together, but only on squishy white bread, like Wonder or maybe Arnold Country White.
Peanut Butter is great on toast and even better on a toasted English Muffin. However, it must be spread on the toast immediately upon removal from the toaster so that it gets all melty (same rule applies for butter).
