Our kitchen smells terrible, and the rest of the house has an acrid stench hanging about. Windows are open and doors will be open tomorrow to try to air it out. Thankfully we were able to toss the toaster in the sink and hose it off to douse the flames before it spread. Lesson learned - when the label says "in case of flare up" let's just avoid the product all together. We will be buying a plain toaster to replace the toaster oven.
I'm feeling very fortunate to have been able to contain the flames to the toaster, and thankful for my kids who remembered right away that the label said to unplug it "in case of flare up." and did so immediately. Whew - that's enough excitement for me today. I'm off to bed.
P.S. Make sure your home has working smoke detectors! It can save lives!