My answer is going to be "I don't think so." I found this summary of a study conducted on peanut skins to analyze their composition, and it sounds to me like peanut skins are just plain good for you. (see summary below) Peanut Skin Procyanidins: Composition and Antioxidant Activity as Affected by Processing M. AHMEDNA, J. Yu, and I. Goktepe. Dept. of Human Environment and Family Sciences, North Carolina A&T State Univ., 161 Carver Hall, Greensboro, NC 27411 Phenolics are potent antioxidants known to inhibit human LDLC oxidation and prevent DNA damage caused by oxidative stress through radical scavenging. Phenolics can be found in many plant foods/materials. Traditional sources of commercial phenolic extracts include grape seeds and apple pomace. Peanut skin is a by-product of the peanut industry that remains underutilized despite its high content in phenolics, which can be extracted for use in foods and dietary supplements. The objective of this study was to extract, isolate, and identify/quantify phenolic compounds in peanut skin as affected by processing methods (direct peeling, roasting and blanching). Peanut skin removed by different processing methods was extracted by three solvents. Total phenolics (TPs), total antioxidant activity (TAA) and free radical scavenging capacity of peanut skin extracts were determined. The composition of ethanolic extracts of peanut skin obtained from each processing method was determined by LC-MS. Peanut skin processing methods significantly affected total extractable phenolics and their composition. Roasting had limited effects on concentration of TPs while blanching caused 89% loss of TPs. TPs in directly peeled, roasted, and blanched peanut skins were 130, 124, and 14.4 mg/g dry skin, respectively. TAAs of water and ethanol extracts of peanut skin were 3.39 and 4.10 mM Trolox-Equivalent/mM of total phenolics, respectively. Catechins, A-type and B-type procyanidin dimers, trimers and tetramers were detected at varying concentrations in chemically purified peanut skin extracts. Higher levels of catechins, procyanidin dimers, trimers, and tetramers were observed in directly peeled peanut skin than in roasted dry skin. TAAs and free radical scavenging activity of peanut skin extracts were all higher than those of Trolox and Vitamin C. Peanut skin, a by-product of the peanut processing industry, contains potent antioxidants and could provide an inexpensive source of antioxidants for use in functional foods or dietary supplements.

Pauline Ireh, 2004. Development, Sensory Acceptability, and Physicochemical Properties of High Protein Peanut-based Snacks., I would also suggest reading this book (or essay, potentially) to obtain further information on the subject. Who knows!

This may sound naff compared to the other scientific answers, but I've tried it (I did some odd things as a student) the answers definetely no. And it will make you feel a bit ill too.

YES! i have tried it once, and i will do it again. I put some unsalted skins in a pipe, and after two or three hits i immediately felt high. this was not half as strong as a good marijuana high, but nevertheless, i, as well as my friends, were mildly stoned for about 20 minutes. go and try it.

you share can buddy...you wanna buy some? you just have to mix it with LOTS of weed

I smoked some and i did actually get high not as good as weed though, but thats just me if you really wanna see if it works you should try it yourself only way to know fo sho besides it won't kill you.

yea you can, its no where near a weed high but it gives a "relaxed" buzz, you feel good as shi for about 10 minutes, and it tastes good (like peanuts), it has thick smoke, and it would be a better high the longer you hold it in, one thing you have to make sure you do is use raw skins...

seriously? try huffing jenkem! look it up. http://en.wikipedia.org/wiki/Jenkem