In a RPG, online MUD or online community, to be toaded means to be kicked out, deleted or killed. This is in virtual reality.
If someone did something wrong in a community and everyone wanted him gone, they would want a toading.
When you wank someone off with the back of your leg, between the thigh and calf, whilst both reading a copy of Wind in the willows.
"Hey man, got a good toading last night" "Hope you had a good read of that son of a bitch too, good book!!"