Use sturdy bread and a metal cutter. Eat the hole; there’s nothing else you can do with it. Lightly toast bread on both sides in a hot buttered pan, add a pat of butter in the center, and crack an egg into it. Cover to cook through. If you’re feeding several people, you can make these on a cookie sheet in a hot oven. Keep the seasonings simple: salt and black pepper with a dash of smoky paprika.
One of my favorites!
Have eaten these since I was a child and love them. Fry the hole in butter and there is a piece of toast to put jelly on.