Top Definition
Game where a group of guys jack off on a piece of toast and the last one to come eats the toast. Also called "Soggy Biscuit" in the U.K.
You had better not be really drunk when you play spunktoast or you will end up eating the soggy biscuit.
by dontplaythisgame August 17, 2010

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A piece of toast or a cracker that a group of guys will ejaculate on during a circle jerk. The last guy to ejaculate will have to eat the toast. Usually performed as fraternity hazing.
After the circle jerk, the punk refused to eat the spunk toast.
by Dirty Diddle January 13, 2009

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