The best combination of people. It can also signify something bad or good. It can be dropped in the conversation much like snoogins.

The 'Jam' can be replaced with cheese or any other type of food.

One exception to this, Toast & Spooge! <-best combo!
Evil: You are Toast & Jam!
Ly: Hells yea I wanna be on her like Toast & Jam.

That boy is smelly like cheese & toast!
by Evil666 September 2, 2005
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rhyming slang from famalam(family) usually shortened to just toast
i saw my toast and jam the other day
by Trav2 January 2, 2008
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