TOASTING

verb

1. To lightly cook by browning via direct exposure to a fire or other heat source.
2. To grill, lightly cook by browning specifically under a grill or in a toaster
3. To engage in a salutation and/or accompanying raising of glasses while drinking alcohol in honor of someone or something.

noun

1. The action of making a toast (celebratory call to drink).
2. The heating of oak panels used to make wine barrels.
3. The process by which something, such as bread, is toasted.