Cut a circular hole into your bread. Crack an egg into a small bowl. Heat the butter in the pan. As the butter begins to foam, add your bread (minus the middle). Now pour your egg into the hole. As it cooks, add the cheese and bacon. Add the bread round that's been cut out and place it over the egg. Once the egg is structurally sound, you can attempt to flip the toast. Cook for another 30 seconds.

Enjoy!