har har very funny knuckle head. Let me grab my Merriam-Webster Collegiate Dictionary to properly define the term 'toast' as it is being used in the aforementioned sentence. Or I could just simply look it up using dictionary.com
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toast2 Audio Help /toʊst/ Pronunciation Key - Show Spelled Pronunciation[tohst] Pronunciation Key - Show IPA Pronunciation,
–noun 1. a salutation or a few words of congratulation, good wishes, appreciation, remembrance, etc., uttered immediately before drinking to a person, event, etc.
2. a person, event, sentiment, or the like, in honor of whom another or others raise their glasses in salutation and then drink.
3. an act or instance of thus drinking: They drank a toast to the queen.
4. a call on another or others to drink to some person or thing.
5. a person who is celebrated as with the spirited homage of a toast: She was the toast of five continents.
–verb (used with object) 6. to drink to the health of or in honor of; propose a toast to or in honor of.
7. to propose as a toast.
–verb (used without object) 8. to propose or drink a toast.
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[Origin: 1690–1700; fig. use of toast1 (n.); the name of a lady so honored was said to give flavor to the drink comparable to that given by spiced toast]