Toast

n.
  1. Bread dried and browned before a fire, usually in slices; also, a kind of food prepared by putting slices of toasted bread into milk, gravy, etc.
  2. A lady in honor of whom persons or a company are invited to drink; -- so called because toasts were formerly put into the liquor, as a great delicacy.
  3. Hence, any person, especially a person of distinction, in honor of whom a health is drunk; hence, also, anything so commemorated; a sentiment, as “The land we live in,” “The day we celebrate,” etc.
    4. Toast rack ,
    a small rack or stand for a table, having partitions for holding slices of dry toast.