Many people simply discard banana peels, but you can get more value for money if you use them too. Put a banana peel in a pot of water and boil it for 10 minutes. Remove the peel for a refreshing tea that may help you sleep. Sit your meats on a bed of banana peel before roasting them in the oven. The moisture-rich banana peels prevent your meat from drying as it cooks. Eat the peels as a side or discard them. You can also blend banana peel into any fruit smoothie. It won't change the flavor any, but it will give your drink a nutrient boost.