Olaf's Toast is a term that refers to a traditional Scandinavian drinking toast. It is usually accompanied by a SKOAL, which is a drinking toast made by clinking glasses and saying 'skål' in unison. The term is derived from the Old Norse word 'skál', meaning 'CUP'. The tradition of Olaf's Toast is believed to have originated in the Viking Age and is still practiced today in many Scandinavian countries.