Toast meaning : Toasted bread. A proposed salutation (e.g. to say "cheers") while drinking alcohol. A person, group, or notable object to which a salutation with alcohol is made; a person or group held in similar esteem. (chiefly US) Something that will be no more; something subject to impending destruction, harm or injury. Extemporaneous narrative poem or rap. A transient, informational pop-up window.