The term 'Breakfast Bowl Bit' is composed of three words: OAT (3 letters), FLAKE (5 letters). OAT is a type of cereal grain which is widely used in breakfast dishes, such as porridge and muesli. FLAKE is a type of cereal which is usually made from grains such as wheat, oats, or corn. Together, these two words form a breakfast bowl bit, which is a combination of OAT and FLAKE cereals that can be used to make a nutritious and delicious breakfast.