1. Unuseable CD produced during failed attempt at writing to writeable or re-writeable CD media. Certainly related to the coaster-like shape of a CD, and the relative value of these failures. "I made a lot of coasters before I got a good CD." 2. Useless CDs received in the mail from the likes of AOL, MSN, CI$, Prodigy, ad nauseam. In the U.K., beermat is often used in these senses.
[glossary]
[Reference(s) to this entry by made by: {coaster toaster}]