When hoisting a mug of brew at Germany's Oktoberfest (happening through October 7), the word you'll be searching for is probably "Prost!" While doing the sort of in-depth research required of an intrepid traveler, you may have been taught a few toasts in other languages -- if you've got one (or care to correct our own recollections of how to say "Cheers!"), please share it!
- Spanish: Salud
- Dutch: Proost
- French: Sante
- Italian: Salute
- Gaelic: Sláinte
About's Guide to German, Hyde Flippo, has tried to trace the etymology of the word "toast" in this context and supplies a few traditional German toasts besides, should you care to be super prepared for Oktoberfest. Check it out:
No matter where in the world you are, a cheerful "Cheers" will be understood when accompanied by a raised glass and a smile -- some things transcend language barriers.
Related: Language and Travel | Yo Suis Perdu | Student Travel Guide to Munich
Photo © Rainer Kiedrowski, courtesy German Tourism Board 
the longer version of the spanish toast is as follows: “Salud y amor y pesetas y el tiempo para gozarlos” Translated it means; health, love and money and the time to enjoy them
in Hungarian it’s Eggedzegged-dra. and i probably butchered the spelling…