If you've watched the recently released V for Vendetta, you would've found out about this delightfully simple to make breakfast of egg and bread.
Simply tear a hole out from the middle of a slice of bread, break an egg into the hole and fry it on a pan (or as the Americans call it, a skillet) using delicious butter over medium heat.
I would suggest heating up the pan nicely, throw in the butter and when the pan is sufficiently greased with sizzling butter, place the bread in and QUICKLY break in the egg. If you leave the bread on its own too long before putting the egg in, you'll get burnt bread by the time the egg is cooked.
Wait for the egg to cook as long as you can before flipping over. Try to use a wide spatula so you can scoop up the WHOLE bread/egg combo and flip it over in one quick movement. A light pan you can lift up while flipping will also help.
And if you want, use the piece of bread you tore out, fry it a bit, and then place it on top of the finished product, thus creating the 'lid' of the 'basket'!
Scrumptious!