In Grandmom's tradition I make these whenever friends are sleeping over and certainly for girls' weekend at the shore each summer.
To make a proper Toad in the Hole, take a slice of bread, butter it, then cut a hole in the center, I prefer to use fun cookie cutters. Heat a medium pan with more butter and place the bread in the center. Next, crack and egg in the cut out as shown. You can cook the cut out on the side of the pan (It makes for a great dipping tool into the runny yolk). Flip once and serve. Good luck not breaking your yolks!