Use a knife or cookie cutter to cut a shape (circle, square, Mickey Mouse Ears) from the center of the bread

In a small pan, melt the margarine on medium (4-5) heat

Place the bread in the pan

Crack the egg into the cutout in the bread

Sprinkle the egg with salt and pepper

Optionally add a couple drops of Tabasco or Hot Sauce to the egg

Cook for 5 minutes...don't be impatient or you'll make a mess

Flip the egg/bread combo over

Cook for another 2-4 minutes until the egg is cooked how you like it (runny, hard, whatever)

Remove from pan & serve