1. Usually a special situation in which words are spoken in honor of someone to express good wishes, etc., after which people drink to show that they agree with the spoken words: Susanne made a toast to the bride and groom and then all of the people there drank a toast to the newly married couple.
2. Someone who is very popular in a particular place or among a particular group of people: After Marvin won the championship, he was said to be the toast of the sport.
3. Bread which has been sliced and then made crisp and brown by heating: Sean and Shareen had toast with their scrambled eggs.

1. To drink or to propose a tribute and libation for someone and to honor that person with a speech and a drink: They all toasted the winner of the computer programming contest.

In Scotland, a new project in the Scotch producing region of Speyside plans to take the waste from the whiskey-making process and turn it into electrical power; so, in a few years, some 9,000 homeowners may be able to toast their new source of electricity over and over again.

2. To make food; such as, bread crisp and brown by heating it: Jillian toasted the bread in a toaster for breakfast.
3. To warm oneself, or a part of the body, by being close to a fire or some other source of heat: Earl was toasting his cold feet in front of the fireplace.