Buy 1 Gillette Deodorant $1.99
Buy 1 Gillette Bodywash, 12 0z $3.00

Use $1.00/1 Deodorant from PG 12/17
And Use Free Body Wash, when you buy Deodorant from PG 2/7
Final Price: $0.49 each, when you buy both!

Here, you are using one coupon per item (or per purchase, as the coupon is worded).  The $1.00/1 is for the deodorant and the “Free Body Wash” is for the body wash.

The body wash is actually on Price Cut and is a pretty decent deal without the deodorant purchase:

Gillette Bodywash, 12 oz $3.00
$2.00/1 from PG 2/7
Final Price: $1.00

Thanks AFullCup!