A derogatory term used against a white person, one with possibly very white skin or exibiting traits commonly associated with being "white".
Chad: I did the worm at the dance last night!
Lance: Whatta milktoast you are.
By Sidonia
Milktoast
A game where a bunch of guys gather around a piece of bread and masturbate upon it. The last man to cum, must then eat the aforementioned piece of bread.
We played Milktoast at Jimm's birthday party, and his brother Billy was gunshy, so he ate it.
By Nona
Milktoast
a sexual fetish where semen is ejected onto a patch of pubic hair on the milktoastee, rubbed into a lather, and licked up by the milktoaster.
1 - The absolute, unwilling and unfailing behavior to never pick a side on any issue, up to, and including, purposefully defending people, places, things and concepts from criticism from friends, colleagues, family, strangers and that one guy, even if said criticism is 100% warranted and valid.