Jiri's suggestions are good.
I had one groom who asked me to do the speech because he thought I had less "dirt" on him than his other friends. This comment was encorporated into the speech. I started off embarrassing him by telling him he forgot something last weekend and pulled out the left over can of whip cream from his stag. It got a good laugh and he turned red. Best thing is to make the stories somewhat embarassing to him and let out some dirt that his parents didn't know is always fun.
I did another toast for a friend and I mentioned the time we took his parents car out and did a 360 on the street and then he proceeded to get it stuck in a snow drift. Crowd laughed, mother looked at him disapprovingly, it was all good. That was a strange toast as my friend married a woman from japan and the ceremony was there. Here I am giving a toast to a room full of Japanese and a couple of tables of Canadians while the MC would translate each paragraph of my speech. I had no idea how well the funny stories would go over given the translation but they seemed to laugh at the right moments so it worked out. It was a really fun experience anyway.
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