A phrase used by Canadians to indicate that the
person being addressed is in
deep trouble. Usually (but not always) it is the
person uttering the phrase who is offering trouble to the one being addressed.
1) Joe: "Hey, I broke your favourite autographed hockey stick; sorry..."
Wayne: "Oh, you're
toast, eh!"
2) Wayne (at the
bar): "Damn, is it 3am already? I promised my
wife I'd be back by 11!"
Joe: "Oh, you're toast!"