This dish is fun to make and to eat; kids can help cut out the bread and crack the eggs.
Cut a hole in both bread slices with a 2-inch biscuit cutter or the rim of a small glass. Heat oil in a large nonstick skillet over medium heat. Add the bread slices, side by side.
Carefully crack an egg into each bread hole (some white will remain on top). Season with salt and pepper.
Cook until the eggs begin to set, 2 to 3 minutes; gently flip the egg and bread with a spatula. Continue cooking until eggs are set, 2 to 3 minutes more. Sprinkle with salt and pepper. Serve immediately.
Try topping this dish with a few dashes of hot pepper sauce or a spoonful of salsa. For a less spicy version, sprinkle with shredded cheese, such as cheddar or Monterey Jack.