toast
/təʊst//toʊst/noun
Definitions
Toasted bread.
Example: I ate a piece of toast for breakfast.
A proposed salutation (e.g. to say "cheers") while drinking alcohol.
Example: At the reception, there were many toasts from the well-wishers.
A person, group, or notable object to which a salutation with alcohol is made; a person or group held in similar esteem.
Example: He was the toast of high society.
(chiefly US) Something that will be no more; something subject to impending destruction, harm or injury.
Example: If I ever get my hands on the guy that stole my wallet, he’s toast!