"toasts" in the noun sense
1. toast
slices of bread that have been toasted
2. toast
a celebrity who receives much acclaim and attention
"he was the toast of the town"
3. goner, toast
a person in desperate straits someone doomed
"I'm a goner if this plan doesn't work"
"one mistake and you're toast"
4. pledge, toast
a drink in honor of or to the health of a person or event
"toasts" in the verb sense
1. crispen, toast, crisp
make brown and crisp by heating
"toast bread"
"crisp potatoes"
2. toast, drink, pledge, salute, wassail
propose a toast to
"Let us toast the birthday girl!"
"Let's drink to the New Year"
Source: WordNet® (An amazing lexical database of English)
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