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2.
when you are left with nothing useful or nothing at all; worthless.
What the fuck man, this shit is worth balls on toast.
by Frank da tank August 08, 2006
 
1.
Used whence referencing the act of doing nothing, nothingness or lack of something. Secondary general term for time wastage. Usually revolving around gaming environment(see internet cafe)*.
What are we doing tonight?

I dont know, balls on toast?

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I could be out reaming Josh's mum, but were playing with our balls, on toast.
by Orrie May 20, 2007