2.Being very high from smoking weed. (the more well known use of the word)
2. Thats the last of it man, were fucking toasted!
toaster hand symbol:
left hand, (turned sideways.in front)> *toaster.
right hand, (behind left palm) > *toast.
slide right hand up,
and POP that toast ; D
* usually accompanied by the 'toaster' hand symbol.