“Egg in a hole”, “egg in a basket”, “toad in a hole”, “cowboy eggs” - call it what you will, this classic combination makes for a simple breakfast that is even more delicious when topped with a bacon onion jam.
Add bacon to a large skillet over medium heat. Sauté the bacon until the fat has rendered and the bacon is crispy, about 10 to 12 minutes. Use a slotted spoon to remove the bacon to a paper towel to drain. Remove all but 1 tablespoon of fat from the pan and return the pan to medium heat.
Add the onions and sauté until the onions are tender and have the consistency of grilled onions, about 15 to 20 minutes. Add the bacon, granulated sugar, balsamic vinegar and salt to the pan and stir to combine. Let the mixture cook, stirring occasionally, until the mixture achieves a jam consistency, about 1 hour. If the mixture gets too dry add water a tablespoon at a time.
Remove the mixture from the heat and allow to cool slightly, then store refrigerated in a covered container for up to a week.
For the egg in hole toast:
Use a 2-inch cookie cutter to cut a hole in the middle of each slice of toast. Set the cut out aside.
Heat a large nonstick skillet over medium heat, add 2 tablespoon of the butter and allow to melt, moving the pan so it’s evenly coated with butter. Add two of the slices of toast to the pan and cook until golden brown, about 2 minutes. Flip the toast over and crack and egg into the cut out hole of each slice of toast. Season the eggs with salt and pepper.
Cover and continue to cook until the egg is cooked and mostly firm, about 2 minutes. Remove from the pan and set aside, covered. Add the remaining butter to the skillet and repeat with the remaining toast and eggs. Add the cut out circles to the pan and toast on each side.
Serve the toast topped with 2 tablespoons of the bacon-onion jam mixture.