Egg-in-a-hole apparently has its origins in the UK (and the movie "V" is set in England).
I tried it and loved it! Perfect for breakfast!
What you need are:
biscuit cutter, skillet, cover
slices of bread
salt and pepper
(optional) ground basil (or whatever spices you want)
Heat the skillet on medium. Melt some butter.
Make a hole in the bread slice using a biscuit cutter.
Place bread slice on the skillet. Add some more butter into the hole.
Crack an egg and carefully place into the hole. Sprinkle spices.
Cover to hasten cooking (time will depend on how done you want it).
Flip and briefly cook the other side. You might also want to brown the round bread piece sliced off the center.
Enjoy with a cup of freshly brewed coffee.