noun

1. Toasted bread.

   “I ate a piece of toast for breakfast.”

2. A proposed salutation (e.g. to say "cheers") while drinking alcohol.

   “At the reception, there were many toasts from the well-wishers.”

3. A person, group, or notable object to which a salutation with alcohol is made; a person or group held in similar esteem.

   “He was the toast of high society.”