Pump the brakes, or "p the b's," is a common vernacular synonym for, "slow down your pony," or "bee-atch this relationship is moving too fast."
One will use "p the b's" to request that his current situation, namely a relationship, lessen its rapid pace.
Monica: Scott, will you move in with me?
Scott: P the b's woman, I just wanna some of your jelly.