Using a small round cookie cutter or other round cutter (2 1/8″ is a good size), cut the center out of the slice of bread, saving the center piece. Set both aside.
In a frying pan or on an electric griddle on medium heat, spread the butter onto the hot surface.
Place the bread on the hot buttered surface. Also place the center piece on the pan.
Then crack an egg directly into the hole in the slice of bread.
Sprinkle a pinch of salt and pepper onto the egg. Cook about 1-2 minutes, or until you can flip it. Also flip the center piece.
Flip the bread/egg, and sprinkle a little salt and pepper on that side. Cook until the desired softness of the egg is reached. I like runny yolks, so I cook about 1 1/2 – 2minutes.
If you like sunny side up eggs: Lay the bread on the hot skillet and toast that side. Then flip it and crack the egg into the hole. Season with salt and pepper. Cook until desired doneness of the egg is achieved
Serve immediately. Use the center hole piece of bread to sop up the runny yolk