Source  The Pioneer Woman

Recipe Added:  5/17/2012

With a biscuit cutter or the rim of a glass, press a hole in the center of the slice of bread. Next, heat a skillet over medium-low heat and melt a Tbsp of butter in it. When the butter is all spread out, place the piece of bread in the skillet and crack the egg straight into the center of hole. Cook for at least 30 seconds or so before attempting to move the bread or things could get messy. Sprinkle the egg with salt and pepper to taste. After about a minute, flip it over with a spatula and salt and pepper the other side.

1. http://thepioneerwoman.com/cooking/2008/07/egg-in-a-hole-see-alternate-names-below/