Step 1: Cut a round hole in the center of a slice of bread with a biscuit or cookie cutter. (You can even use the rim of a small glass.)
Step 2: Heat 1 tablespoon butter in a nonstick skillet over medium heat. Add the bread and cook until it’s toasted. Flip, adding more butter to the pan.
Step 3: Crack an egg on a flat surface (for a cleaner break). Drop the egg gently in the hole. Season with salt and pepper. Cover and cook until set but still soft. Serve warm.