Toast has mixed feelings about the girls not noticing the current situation. On the one hand, it's probably a good thing that the public hasn't noticed a drawn weapon in the middle of Amity Colosseum. On the other, Toast really likes being the center of attention. It's probably for the best, but it seems this culprit is intent on making a scene.
Unfortunately for him, Toast has the drop on him, not the other way around. As soon as the wolf faunus began to turn for his attack, the cat faunus is already beginning his counter. In one swift movement, Toast leaps up and over him, sending the bucket of popcorn high into the air as his body twists, ending up in a perfect upside-down vertical directly above his prey. In that same motion, his free hand draws a pistol from the pocket of his souvenir sweatshirt. But instead of a bullet, a blade shoots out and begins to crackle with electric energy as lightning dust courses through the steel.
And as Toast reaches that upside-down vertical above the other faunus, the blade reaches down and taps on the boy's arm. There's no piercing, no damage behind the blade itself, but the electricity is less discerning as it jumps from steel to flesh, sending a jolt through the culprit's sword arm and hopefully forcing it to drop his weapon.
After that, the former acrobat twists in the air once more to right himself and lands gracefully, once again directly behind his opponent. This time however, the Butter Knife gently rests on the other boy's shoulder. With a playful--almost joking--smile, he says, "Seriously, man, as much as I like putting on a show, I really don't want to spill my popcorn." As if on cue, the bucket of popcorn previously tossed into the air falls gently into Toast's outstretched free hand, not a single kernel of popcorn dropped.