Once you get past the name, a toad-in-a-hole is just a glorified fried egg and toast.  I used to make it for my children for a fun breakfast, or a quick dinner.  

Use a biscuit cutter to cut out the center of a slice of bread.  Reserve the center for a toast lid.  Lightly spread margarine or butter on both sides of the bread.  Place in a heavy fry pan on medium heat.  Drop an egg into the "hole".  Turn toast and egg carefully, as desired, when egg sets up and bread is lightly toasted.  Place on plate with the "lid" placed on top of egg to "hide" the "toad".  One serving.

I have also heard that "toad-in-a-hole" can be made with corned beef hash and a poached egg.  The "hole' is an indentation in the hash where the egg is placed before presentation.  

I hope you will reconsider the name and try this fun way to serve eggs