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In a skillet over medium heat, melt butter, oil or bacon fat.
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Using a cookie cutter, cut a hole in the center of the bread.
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Place the bread in the skillet and cook until the bottom starts to turn golden brown.
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Crack egg into center, cooking until it starts to become solid on the bottom.
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Add more butter (oil, fat) to skillet if needed.
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Carefully flip the bread with a spatula and cook until golden brown.
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The length of cooking time depends on preference over-easy yolk or hard yolk.
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Flip the center cutout and cook until both sides are golden brown.
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Transfer the egg in a basket to a plate and top with the center piece.
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Enjoy with choice of fruit, bacon, and/or sausage.