brown (esp. BrE), white, wholemeal (BrE), wholewheat (AmE)
dry
burned
buttered
cinnamon, French, Melba, etc.

piece, round (BrE), slice
We'll have another round of toast, please.

make
I'm making toast for breakfast.

butter, spread
buttered toast
She ate two slices of toast spread with honey.

burn
I can smell burned toast.

on toast
For lunch we had cheese on toast. (BrE)

champagne

make, propose, raise (AmE)
He raised his glass as if to make a toast.

drink

toast to
The bridegroom ended his speech by proposing a toast to the hosts.

lightly
Toast the bread lightly on both sides.

with
We toasted his victory with champagne.

Toast is used with these nouns as the object:
bread, bride, bun